Insights Archive

October 27, 2023

News In Brief: October 23-October 27, 2023

Dutch trade groups refute bonus allegations, the NHL suspends its first player for betting rule breaches and Colombia's new advertising rules are critiqued.

October 27, 2023

From Cage Fighting Executive To Nevada's Top Gambling Regulator

With two of the world’s biggest sporting events coming to Las Vegas in less than four months, it is almost fitting that the new chairman of the Nevada Gaming Control Board spent 15 years as a key executive of Ultimate Fighting Championship.

October 27, 2023

UK Charity Renews Demand For Football Ad Ban After Tonali Betting Suspension

Another high-profile football player has been banned for breaching betting rules, prompting one charity to renew its call for an end to gambling advertising and sponsorship in the sport.

October 27, 2023

Daily Dash: UK Economic Crime And Corporate Transparency Act Now Law

The UK has enacted a new law to crackdown on corporate fraud and corruption, and Worldline has seen its stock collapse following mediocre results and a macroeconomic warning.

October 27, 2023

US Moves To Cut Debit Card Interchange Fee By 30 Percent

The Federal Reserve has proposed to reduce the interchange fee on debit cards from 21 to 14.4 cents for the first time since the cap was introduced in 2011.

October 27, 2023

Week In Crypto: Binance UK Director Quits As Executive Exodus Continues

Binance’s UK director quietly leaves the company, Binance hires several unnamed partners to bring back euro deposits and withdrawals, and ChainArgos claims that Islamist terror groups have handled $1bn in stablecoin transactions.

October 27, 2023

Gambling Reform Leader Says UK Industry Should Scrap Political Tactics

The British gambling industry is shooting itself in the foot by engaging in a political battle it will never win, according to one of the most effective gambling reform advocates of the past ten years.

October 26, 2023

Maine Fines Underdog $391,850 Over Illegal Pick'em Contests

Maine is the latest state to take issue with “pick'em” style fantasy contests, with its regulator saying the contests violate its gaming regulations and issuing a six-figure fine to at least one company that was offering the games in the state.

October 26, 2023

Irish Operators Not Ready For New Gambling Bill, Says Survey

Ireland’s gambling industry is not ready for “the new rules covering the sector”, according to a private survey where only 17 percent of respondents stated they were ready to comply with the incoming Gambling Regulation Bill 2022.

October 26, 2023

Nigeria Plots Gambling Excise Duty

Nigeria’s government has said it will introduce a new excise duty on gambling and lotteries that includes online betting within the next few years, but remains vague on the details.

October 26, 2023

ISO 20022 'Peculiarities' A Gift For Transaction Data Management Systems, Sources Say

Swift’s launch of ISO 20022 for cross-border payments and reporting (CBPR+) has opened up "new possibilities" for financial institutions, but are different implementations of the standard holding back interoperability?

October 26, 2023

Interview: Orum Launches First Product Built On FedNow Service

Vixio caught up with payments API provider Orum, which has built a product on top of the new FedNow rail to instantly verify bank accounts.

October 26, 2023

Apple Pay Later Quietly Ramps Up To Full Launch In Most US States

After a seven-month invite-only launch, Apple’s buy now, payer later service is now available throughout the US, except in states where regulatory hurdles remain.

October 26, 2023

Queensland Introduces Tough Casino Control Reform Bill

The Queensland state government has introduced a bill to implement the full slate of casino control reforms recommended by an external review into Star Entertainment Group’s compliance failures.

October 26, 2023

U.S. Supreme Court Lifts Stay On Florida Sports-Betting Case

The U.S. Supreme Court on Wednesday denied a request by sports-betting opponents in Florida to extend the delay on internet wagers in the Sunshine State.

October 25, 2023

Mississippi Legislative Committee Gets Feedback On Mobile Sports Betting

Mississippi legislators are expected to make another run at bringing mobile sports betting to the state in 2024, but what will be included in any bill remains unclear.

October 25, 2023

Pavilion Payments CEO: Omnichannel Enables A Complete Gaming Experience

Attend any gaming conference in the U.S. and there is usually a conversation between casino executives about the need to create omnichannel experiences, a term that Christopher Justice, CEO of Pavilion Payments, admits has become one of those “attractive buzzwords.”

October 25, 2023

Brazil Senate Mulls Lower Tax Rate As Sports-Betting Negotiations Continue

Brazil’s Senate is deep in the trenches of negotiating amendments to a pending sports betting and online gaming bill, with two specialist committees meeting this week, but voting on the bill facing continued delays.

October 25, 2023

What Does Interac's Broadened Access Mean For Canadian Payment Firms?

Last month, Interac, Canada’s debit network, opened its online money-sending service to third parties, a move that may pave the way for future access for payment firms.

October 25, 2023

German Regulator Unveils Second 'Helpful' Payments Consultation

Germany’s Federal Financial Supervisory Authority (BaFin) has released a second consultation for payments and e-money, this time looking at operational and security-relevant risks.

October 25, 2023

European Payments Council Delays Rulebook Change - Just Weeks Before Deadline

The European Payments Council (EPC) has pushed back changes to the SEPA Credit Transfer rulebook that were due to be implemented next month.