Insights Archive

March 14, 2023

Data Dive: How Regulatory Activity In Asia Fell Off A Cliff

Priorities have gradually shifted across Asia, with VIXIO’s expert on the region calling out previous payments modernisation, recession planning and the end of a post-election high as the likely causes.

March 14, 2023

Despite $3.3bn Deposit, Circle Emerges From SVB Collapse Unscathed

Following a turbulent weekend, the issuer of the world’s second-largest stablecoin has recovered its $3.3bn deposit from Silicon Valley Bank (SVB), which collapsed on Friday.

March 14, 2023

Card Networks Halt Gun Code Implementation Amid US State Backlash

The ISO global standard requires card networks to implement a merchant category code for gun purchases but the largest card companies have decided to put those plans on hold as several US states have moved to ban the gun code.

March 14, 2023

Parimatch Among Ukrainian Companies Shuttered Over Russia Links

Ukraine has named a slew of gambling companies that must shut down over alleged links to Russia, including leading bookmaker Parimatch, which has previously pledged to channel profits directly to the Ukrainian army.

March 14, 2023

Former NSW Gaming Minister Calls For Probe Into Slots Lobby

A former minister for gaming in the New South Wales (NSW) state government has called for an inquiry into aggressive pubs and clubs gaming lobby ClubsNSW “for the sake of our democracy”.

March 14, 2023

U.S. Leagues Tout Mutual Benefits To Sports-Betting Partnership Agreements

With some operators beginning to question the value of league and team marketing partnerships, officials from major U.S. leagues remain confident in their position in the sports-betting ecosystem.

March 14, 2023

Brazilian Senators Propose A New Sports-Betting Law

The sudden frenzy around sports-betting regulations in Brazil has seen two senators proposing a new bill despite the fact that a presidential decree to regulate an existing sports-betting law appears imminent.

March 13, 2023

Payments Central To EU Digital Identity Drive As Pilot Readies

As Brussels veers closer to a final agreement on a digital ID, VIXIO has spoken with the NOBID Consortium, which is developing a large-scale payment pilot for use within the EU-wide digital wallet.

March 13, 2023

Indian Central Bank Could U-Turn On Plans To Allow Fees Over UPI

Reports are circulating that the Reserve Bank of India may have gone cold on plans to allow firms to charge fees for use of the country's instant payments system, the Unified Payments Interface (UPI).

March 13, 2023

Affirm Quits Australia To Focus On US, UK Expansion

Buy now, pay later firm Affirm ends Australian partnership but continues with US and UK expansion plans, doubling down on its core businesses.

March 13, 2023

Minnesota Mulling Sports-Betting Bill With Unique Provisions For Responsible Gambling

A bill to legalize sports betting making its way through the Minnesota legislature would establish several of the strictest advertising provisions and problem gambling requirements in the U.S., including a required waiting-period between placing wagers.

March 13, 2023

BAGO Takes Aim At Belgian Ad Ban, Separate Player Accounts

The Belgian Association of Gaming Operators (BAGO) has criticised the country’s impending ban on advertising and other planned measures announced in a separate draft law on the same day.

March 13, 2023

Class Action Lawsuits Compound Cyber Problems For Gambling Industry

As if ransomware attacks were not enough of a headache already, class action lawsuits are emerging this year as a new bane plaguing online and land-based casinos.

March 13, 2023

Ukraine Blocks Sites As It Finalises Russian Sanctions

Ukraine’s regulator says it has blocked 709 illegal gambling sites and shut down 606 unlicensed gambling establishments, as it readies new powers to expunge Russia from its gambling market.

March 10, 2023

Private Sector Wants Role In Sanctions Preparation, EU Told

Sanctions experts have stressed the importance of bringing the private sector into the creation of sanctions packages, calling for greater consultation and resources to carry out the will of EU policymakers.

March 10, 2023

Week In Crypto: Silvergate Bank Collapses As Crypto Clients Abandon Ship

US financial services provider for the crypto industry, Silvergate Bank, goes into liquidation as senator raises concerns of contagion in the traditional financial sector. Meanwhile, UK regulator questions the integrity of crypto firm applications and an UAE crypto exchange partners with Mastercard.

March 10, 2023

Daily Dash: Economic Crime Levy On Way

The UK’s financial watchdog has confirmed it will be invoicing for the new economic crime levy from July this year, US agency calls for clarification on financial products that help gig workers and UK central bank joins Asian counterparts in cross-border payments workshop.

March 10, 2023

UPDATE: White House Urges States To Join It In Fight Against Junk Fees

The White House has again spoken out against junk fees, calling on state regulators to step up efforts to tackle unfair and hidden fees. Meanwhile, Consumer Financial Protection Bureau data shows many banks have already adjusted their practices as a result of federal actions.

March 10, 2023

Australasian Medical Lobbies Team Up For Reform, Against Gaming Ads

Australia and New Zealand’s peak medical organisations have tag-teamed at an Australian parliamentary hearing to lament the gaming regulatory landscape and support a ban on sports-betting advertising and the creation of a national online gambling regulator.

March 10, 2023

Dutch Regulator To Collect On €4.4m Gammix Fine

The Netherlands Gambling Authority (KSA) has decided to collect €4.41m from Malta-based Gammix, despite the company’s objection to its periodic penalty payments.

March 10, 2023

U.S. iGaming Expansion Expected To Roll Snake Eyes In 2023

Although online casino bills remain on the table in New York and other states, U.S. industry executives are not at all optimistic that any of them will get over the line this year.