Insights Archive

April 13, 2023

India GST Officials Probing Parimatch, Other Online Bookmakers

A leading tax enforcement organ in India has launched a probe into India-facing online gambling operators in Cyprus, Mauritius and the Cayman Islands, leading to the arrest of one man allegedly linked to Ukrainian operator Parimatch.

April 13, 2023

Malawi Unveils Gambling Regulation Details

Malawi has opened a brief consultation on a raft of proposed gambling regulations, as it continues its push to expand its market and open up online licensing.

April 13, 2023

Brazil's Sports-Betting Tax Rate Announced At Public Hearing

Brazil’s Chamber of Deputies' Finance Committee held a public hearing on Wednesday on the regulation of sports betting and imminent presidential emergency decree, with a senior government official confirming a proposed effective tax rate of 15 percent of gross gaming revenue.

April 13, 2023

News In Brief: April 10-April 14, 2023

Ohio's lottery director has suddenly resigned and a Ugandan draft law proposes a gambling tax hike.

April 12, 2023

Microsoft In Trouble Over Sanctions Violations

The software giant has found itself in hot water with US authorities over sanctions violations following the Russia-Ukraine conflict.

April 12, 2023

‘There Will Be Control’: European Central Bank’s Lagarde Reveals CBDC Plans During Prank Call

The head of the European Central Bank (ECB) has been caught in a prank phone call from Russian comedians, who feigned interest in digital currency while pretending to be the president of Ukraine.

April 12, 2023

US Financial Consumer Agency Outlines ‘Abusive’ Acts

Based on statutory definition and a decade of precedent, the Consumer Financial Protection Bureau lays out what it considers abusive conduct in consumer financial markets.

April 12, 2023

Uzbekistan Again Plans To Legalise Sports Betting

The President of Uzbekistan has instructed ministers to submit proposals on the legalisation of sports betting by the end of 2023, to bring to an end to more than 15 years of prohibition.

April 12, 2023

Ghana Tax Hikes Incoming

Ghana’s need to address its mounting public debt has put gambling in the crosshairs, with tax hikes on the industry one hurdle away from being introduced.

April 12, 2023

Spain Sanguine On Deposit Limits

The industry remains unusually unperturbed by a planned royal decree in Spain that seeks to make online gambling deposit limits universal, instead of applying per operator, as they do now.

April 11, 2023

UPI To Offer Credit Gateway From Banks To Consumers, Says RBI Governor

The governor of the Reserve Bank of India (RBI) has said that UPI, the country’s popular instant payments system, could soon be repurposed to deliver credit directly from banks to consumers.

April 11, 2023

Will Apple Pay Later Legitimise BNPL?

Buy now, pay later (BNPL) momentum has notably slowed in 2023 as many providers struggle to deal with the rising cost of borrowing, but insiders believe that Apple’s foray into the market is a step forward for the industry which could further cement it as a mainstream payment option.

April 11, 2023

Maryland Bills To Boost Sports Betting Best Practices Sent To Governor

Three sports betting bills are now on Maryland Democratic Governor Wes Moore’s desk waiting for his signature or veto, after receiving legislative approval prior to the state legislature adjourning its 2023 session on Monday.

April 11, 2023

India's Online Rules In Force

The online gambling space in India is now under formal central government regulation following the gazetting of amendments to information technology rules on Thursday.

April 11, 2023

Ontario Gaming Officials Outline Goals For Second Year of Online Gaming

While the first year of Ontario’s private online gaming market was the subject of praise last week at a Toronto event, top gaming officials did outline some of their priorities for improving the model going forward.

April 11, 2023

Albania Online Sports Betting Draft After Failed Ban

Albania’s Ministry of Finance and Economy has published a draft law to amend gambling regulations and allow for online sports betting.

April 11, 2023

U.S. iLottery Lagging Sports Betting's Rapid Rollout

Internet casino gaming is not the only segment of the U.S. online gambling market struggling to expand to new states, with interactive lottery or iLottery offerings also moving at a much slower pace than mobile sports betting.

April 11, 2023

Pressure Builds On Japan's Vast Online Gambling Industry

In the year since VIXIO GamblingCompliance published its last detailed examination of Japan’s online gambling industry, pressure has slowly mounted on the Japanese government to enforce the law against online gambling activity or else regulate it, but in the meantime a billion dollar industry continues to blossom unabated.

April 10, 2023

Canadian Broadcasters Say Negative Sports-Betting Ad Feedback Minimal

Officials from two of Canada’s top sports television networks have said that despite frequent negative media reports about the barrage of sports-betting advertising, customer complaints have been minimal and have tapered off over the first year of regulated online gaming in Ontario.

April 10, 2023

Advance Deposit Wagering On Different Paths In South Carolina, Oregon

The U.S. horseracing industry has been in decline for decades, but legislative support remains strong to use advance deposit wagering tax proceeds to support horse breeders, owners and racetracks in states with a long history of thoroughbred and quarter horse races.

April 6, 2023

Week In Crypto: Binance CEO, NBA Star Named In New $1bn Class Action Lawsuit

Another day, another major lawsuit hits Binance in the US, Tether is accused of sneaking into the US banking system and collapsed hedge fund Three Arrows Capital launches a bankruptcy claims exchange.