Insights Archive

May 16, 2023

Ecuador Announces New Taxes On Online Gambling

Ecuador's government has published a tax-reform package that includes a variety of proposals for both local and offshore online gambling operators, as well as Ecuadorian players themselves.

May 15, 2023

Interview: VIXIO Speaks To UK’s PSR Chief Chris Hemsley

VIXIO interviews the Payment Systems Regulator's (PSR) managing director at the launch of the watchdog’s annual plan, discussing unlocking the power of account-to-account payments, fraud and crypto.

May 15, 2023

New York Targets ’Most Comprehensive’ Crypto Regulation In The US

The New York attorney general has proposed new legislation that aims to provide the “strongest and most comprehensive” regulatory framework for crypto users, businesses and investors in the US.

May 15, 2023

NSW Moves To Ban Political Donations From Gaming-Linked Clubs

Australia’s New South Wales (NSW) state government has moved to ban political donations from clubs that operate slot machines or other gambling services.

May 15, 2023

Aristocrat To Buy NeoGames, Fanatics To Buy PointsBet US Operations

As the sun came up in Melbourne on Monday, two Australian-based companies announced major transactions that significantly alter the global online gaming landscape, one as a buyer and one as a seller.

May 15, 2023

Casino Bill Collapses But Gaming Finally Gets Foot In The Door In Texas

Casinos will have to wait at least two more years in Texas and a sports-betting bill appears doomed in the Senate, but 2023 may well be remembered as the year when the gaming industry, at long last, penetrated the forbidden frontier of the Lone Star State.

May 15, 2023

Latvia May Allow Gambling Ads Again

Latvia is evaluating the impact that un-banning gambling advertising could have, as it has become “almost impossible” to prevent illegal marketing, according to the regulator.

May 15, 2023

The U.S. Sports Betting Industry At Five: What Does The Future Hold?

Almost five years later to the day, the overturning of the Professional and Amateur Sports Protection Act (PASPA) by the U.S. Supreme Court has proven to be a seminal moment in the global gaming industry. In this forensic explainer, VIXIO GamblingCompliance examines the key themes of the U.S. sports-betting industry, their impact to date, and how they are likely to impact the industry’s growth going forward.

May 12, 2023

Lithuania Fines Two More E-Money Firms

The Baltic country’s increasingly strict oversight of the payments industry has continued with more firms being publicly censured by the regulator.

May 12, 2023

Green Shoots As UK Payments Fraud Starts To Fall

UK Finance’s annual fraud report finds that overall fraud shrank by 8 percent in 2022 as the end of the pandemic reshaped the fraud landscape, again.

May 12, 2023

Week In Crypto: Another Exchange Files For Bankruptcy Following SEC Lawsuit

A major crypto exchange files for bankruptcy in the US, an Irish central banker vows to protect the public from crypto “Ponzi schemes” and Argentina bans all crypto services.

May 12, 2023

Daily Dash: Revolut’s Drama Era Continues

Revolut’s chief financial officer has quit, the EU’s artificial intelligence act has passed committee stage in the European Parliament and Singapore’s DBS Bank has been served a capital requirement order following another major outage.

May 12, 2023

Karnataka High Court Blocks 'Gambling' GST For Online Skill Gaming

Industry heavyweights are jubilant after the high court in India’s Karnataka state rejected a goods and services tax (GST) gambling classification for online companies offering skill gaming with stakes, annulling Gameskraft Technology's liability for $2.6bn in unpaid GST.

May 12, 2023

Brazil Betting Decree To Map Out Enforcement Powers, Restrict State Lotteries

Under the cloud of an escalating match-fixing scandal, Brazil’s government is set to finally publish implementing legislation to establish a regulatory regime for sports betting that will be reinforced by payments and website blocking of unlicensed sites.

May 12, 2023

Malta Defends Foreign Judgment Bill

Malta’s government ministry responsible for a bill that aims to prohibit foreign judgments from being enforced against gambling providers licensed in the country has defended its plans.

May 12, 2023

Fifth Birthday Of Historic U.S. Supreme Court Decision On Sports Betting

It seems appropriate for Mother’s Day to fall this year on the same day as the fifth anniversary of the United States Supreme Court decision which gave birth to what has quickly become the world’s largest sports-betting market.

May 12, 2023

Texas Sports-Betting Bill Passes House, But Senate Approval Unlikely

Texas took a giant step toward eventually legalizing sports betting on Thursday when the state’s House of Representatives narrowly approved a constitutional resolution to allow online wagering.

May 12, 2023

Ecuador's Road To Regulation: In Conversation With Francisco Briones

VIXIO GamblingCompliance sat down with Francisco Briones, the director general of Ecuador's Internal Revenue Service, to discuss the country’s road to gambling regulation.

May 12, 2023

Swedish Ruling Could Reduce Past And Future Fines

The Supreme Administrative Court of Sweden has ruled that penalty fees issued by the Swedish Gambling Authority should be based on gross gaming revenue (GGR), not annual turnover.

May 11, 2023

Singapore Proposes Broad Reform Of Payments Regulation

The Monetary Authority of Singapore has proposed new amendments to the Payment Services Regulations 2019 in a bid to streamline the country’s rules for payment firms.

May 11, 2023

Latest EU Sanction Proposals Target Third-Country Circumvention

The European Commission marked Europe Day with a visit to Kyiv and an 11th package of sanctions against Russia.