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North Carolina Sports-Betting Tax Hike Set For Senate Vote

1 week ago | vixio.com | Matt Carey

North Carolina has become the latest state to put a significant sports-betting tax hike on the table, with lawmakers expected to vote Thursday (April 17) to progress the legislation. Senate leaders put forward their proposed budget this week, which includes a plan to double the state’s sports-betting tax from 18 percent to 36 percent.
ESMA, ECB Warn Of Crypto Risks As Industry Urges Focus On MiCA Rollout

1 week ago | vixio.com | Jimmie Franklin

Senior officials from the European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) remain cautious of potential financial stability risks posed by the rapid growth of crypto-asset markets, calling for strong supervisory implementation of existing rules and international coordination to prevent emerging threats.
Open Banking Limited Unveils Long Awaited Commercial VRP Proposals

1 week ago | vixio.com | Jimmie Franklin

Open Banking Limited (OBL) has published the much-anticipated proposals for commercial variable recurring payments (cVRPs) in the UK, marking a step forward for the potential direct debit disrupter. The UK standard setter for open banking has published the Commercial Model for Variable Recurring Payments – Wave 1 for consultation, with research undertaken by Frontier Economics exploring both the pricing structure and sustainability of Wave 1 cVRP services.
Cybersecurity Incidents Hit Minnesota, Michigan Tribal Casinos

1 week ago | vixio.com | Chris Sieroty

Body Several tribal casinos have been forced to close their doors after ransomware attacks took hundreds of slot machines offline, while experts in one incident continue to work to reopen their casino floor. The attacks in Minnesota and Michigan were just the latest in a series of damaging incidents to impact a $41.9bn tribal gaming industry, whose substantial amounts of stored customer financial information make casinos an attractive target for hackers.
Kansas Budget Move Sets Course Toward Sports-Betting Tax Hike

1 week ago | vixio.com | Matt Carey

Kansas lawmakers have approved a provision in the state's budget law that sets the stage for changes to the state’s sports-betting tax rate. The provision passed on Friday (April 12) bars the Kansas Lottery from negotiating any new contracts or contract extensions with casinos for the management of sports betting at any point during the upcoming fiscal year, which runs through June 2026.
Singaporean Regulator Shuns Calls For BNPL Ad Ban, But Says Finfluencers In Its Sights

2 weeks ago | vixio.com | Jimmie Franklin

In fresh correspondence with the financial hubs' lawmakers, the Monetary Authority of Singapore (MAS) has continued not to bow to pressure to introduce stricter oversight of buy now, pay later (BNPL) firms, but did suggest that it is looking closely at consumer protection issues elsewhere.
Arizona Approves Plan To Regulate Lottery Couriers

2 weeks ago | vixio.com | Chris Sieroty

Lottery courier services have come under increased scrutiny following several controversies in Texas that have raised questions about their operational practices, while putting pressure on state legislatures and lotteries to either regulate or prohibit them.
Bank Of England Considers Widening Access To RTGS Accounts

2 weeks ago | vixio.com | Jimmie Franklin

The Bank of England’s response to its February policy paper on extending direct access to its real-time gross settlement (RTGS) system suggests that expansion may be on the horizon for non-bank payment service providers and foreign banks alike. The Bank of England is considering a significant expansion of access to its RTGS system, in bid to boost competition, innovation and resilience for the UK’s payments ecosystem.
European Central Bank Pushes Digital Euro As Divided MEPs Mull Payments Autonomy

2 weeks ago | vixio.com | Jimmie Franklin

The European Central Bank (ECB) has continued to court lawmakers on the digital euro, but doubts remain over a central bank digital currency (CBDC), despite broad support among lawmakers for reducing reliance on foreign providers. The digital euro has long been a thorn in Brussels' side, and nowhere has it received more criticism among the EU’s co-legislators than Members of the European Parliament (MEP), who have ranged from unconvinced to entirely opposed during the project’s existence.
Updated: Federal Judge Grants Kalshi Injunction In Nevada

2 weeks ago | vixio.com | Matt Carey

Editor's Note: This story has been updated following the release of a written order on April 10. Kalshi has won the first round in a multistate legal fight over sports prediction markets, after a federal judge in Nevada granted the company's request for a preliminary injunction and suggested that the permissibility of sports-event contracts was a matter for federal regulators or Congress to determine, not state gaming agencies. Following a hearing on Tuesday, Judge Andrew P.