Insights Archive

September 27, 2024

Maryland Set To Eliminate Sports-Betting Promo Deductions

Maryland regulators have approved a proposed regulatory change that would prevent operators from deducting promotional play from taxable sports wagering revenues.

September 27, 2024

Brazil Offers 'Unique', Fruitful M&A Market That Could Surpass US

Mergers and acquisitions experts are predicting that Brazil's incoming regulatory regime will “create room for a much longer tail” and be better for competition and innovation compared to the US market.

September 27, 2024

UK Gambling Commission Charges Premier League Sponsor With Unlicensed Betting

The UK’s Gambling Commission is charging the multi-billion-dollar Premier League sponsor Sorare with illegally supplying unlicensed gambling.

September 27, 2024

Outlook: Enforcement - Europe

This report is part of Vixio PaymentsCompliance’s Outlook series, which provides subscribers with forward-looking insights and consolidated research on key segments of the global payments industry.This edition is designed to provide high-level intelligence on European enforcement actions from H1 2024.

September 27, 2024

FDX Becomes First To Apply To Be US Open Banking Standard Setter

Financial Data Exchange (FDX) has submitted its application to the Consumer Financial Protection Bureau to become a US standard-setting body for open banking.

September 27, 2024

Financial Institutions In Latvia Benefit From Streamlined AML Rules

Latvijas Banka, the Central Bank of Latvia, has issued new regulatory rules in a bid to consolidate compliance requirements for customer due diligence.

September 27, 2024

Daily Dash: Mastercard, Google Provide Cyber Expertise To Singaporean Regulator

Singapore’s regulator has announced a new international expert panel to improve operational resilience in the country’s financial sector, while Lithuania’s central bank is introducing changes to the country’s payment account regime.

September 27, 2024

News In Brief: September 23-September 27, 2024

Brazil operators agree to ban credit cards, Massachusetts bans some college sports bets, Nevada approves Sega Sammy merger and a former Philippines lottery official is accused of ordering an assassination.

September 26, 2024

Colombia's New Responsible Gambling Resolution Welcomed By Industry

Colombia's gambling authority has issued a draft resolution on responsible gambling to replace a 2021 regulation that established initial guidelines on the topic, but which critics say was riddled with errors.

September 26, 2024

Eastern Europe Restrictions Add Appeal To Central Asian Expansion, Say Local CEOs

Restrictions on gambling in Eastern European jurisdictions such as Poland and difficulties in establishing a foothold in others such as Serbia could make new market opportunities in Central Asian countries increasingly attractive to foreign operators, according to a panel of industry leaders.

September 26, 2024

Visa Comes Out Fighting Against 'Meritless' US Justice Department Lawsuit

The payments giant has questioned the legitimacy of the US Department of Justice’s lawsuit, as the authority accuses it of monopolising its power in the market.

September 26, 2024

UK Regulator Unveils Long-Awaited Safeguarding Proposals For Payments, E-Money Firms

The Financial Conduct Authority has unveiled its much anticipated safeguarding proposals aimed at enhancing customer protections when payments and e-money firms go out of business.

September 26, 2024

Australian Central Bank Sees 'No Clear Public Interest' In Issuing Retail CBDC

The Reserve Bank of Australia has struck its most sceptical tone to date on the prospect of issuing a retail central bank digital currency (CBDC), but it remains positive about wholesale CBDC.

September 26, 2024

Daily Dash: UK Confirms £85,000 Cap Final For Reimbursement Rules

The Payment Systems Regulator has confirmed the maximum reimbursement for victims of authorised push payment (APP) scams via Faster Payments will be capped at £85,000, while the government of the United Arab Emirates has unveiled the replacement for its anti-money laundering regulator.

September 26, 2024

Star Entertainment Salvages Loan Amid Annual Results Gloom

A day after securing a crucial maximum A$200m ($137m) debt facility, struggling Australian casino operator The Star Entertainment Group has reported a statutory net loss of almost A$1.7bn for annual results ending June 30.

September 25, 2024

UK Panellists Claim Gambling Harm Underrated, Benefits Overrated

A panel assembled by a UK think tank at the Labour Party’s first conference since assuming power has examined the economics of gambling harm, with some panellists claiming that harm is underrated while economic benefit is overrated.

September 25, 2024

Light & Wonder Shares Slide After Aristocrat Injunction

Light & Wonder has reiterated its earnings guidance for the year despite a federal judge’s decision to grant rival Aristocrat a preliminary injunction halting sales of the company’s popular Dragon Train slot machine.

September 25, 2024

Entain Pushes Governments To Get Tough On Black Markets

Global gambling giant Entain is calling on the UK government and its international colleagues to adopt a range of enforcement measures to fight the black market.

September 25, 2024

Brazil's Transitional Ordinance May Be Unconstitutional

Brazil’s surprise ordinance last week to immediately ban companies that had not applied for a licence from operating during a transition period may be unconstitutional, according to at least one local lawyer.

September 25, 2024

Gambling Businesses Must Explore AI Or They Will Be Left Behind, Says Panel

A wide range of gambling businesses in an array of jurisdictions are already using AI tools and ones that do not explore and implement AI now will be left behind in the future, according to a panel of experts.

September 25, 2024

Private Sector Engagement And Strategic Autonomy Key Issues For Digital Euro

During the latest digital euro hearing, European Central Bank official Piero Cipollone answered questions on whether the regulator is best placed to take on the challenge of issuing a digital euro, while emphasising the need for strategic autonomy.