Insights

Your window into the complex world of compliance and regulations

Our industry experts regularly spend time with lawmakers, regulators and industry participants to get to the heart of regulatory issues. We deliver our expert insights across multiple media to ensure timely delivery of information to meet your everyday needs.

From quick blog insights through to industry events, we provide you with the depth and breadth of knowledge needed to help you make the right business decisions, staying compliant and gaining a competitive advantage.

Automatic Pix Goes Live, Enabling Recurring Payments in Brazil

Pix, Brazil’s instant payments system, has introduced a recurring payments mechanism, aiming to simplify bill payments for consumers.
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Sweepstakes Ban Under Consideration in New York, Vetoed In Louisiana

As one state legislature looks to reinforce regulatory actions against sweepstakes gaming operations, another has seen the governor veto a legislative ban, calling it unnecessary.
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Pay.UK Sets Out Ideas For Reforming UK’s Payments Infrastructure

Payment system operator Pay.UK has unveiled a package of proposed reforms to the organisational framework for interbank payments, urging “radical” change to prevent the UK falling behind on infrastructure and innovation.
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Presidential Decree Confirms Brazil Betting Tax Hike

A sharp increase in the main tax applied to online betting in Brazil became reality late Wednesday when an emergency decree was published in the Brazilian government’s official gazette.
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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.
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Gambling

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.
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Gambling

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.
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Payments

‘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.
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Payments

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.
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Payments

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Payments

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.
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Payments

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Payments

’Serious Concerns’ About New Money Laundering Regulation, Says EU Data Protection Watchdog

The European Data Protection Board has written to legislators to express its concerns about a perceived lack of privacy protections in a new anti-money laundering regulation.
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Payments
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ECB Marches On With Digital Currency Plans

The European Central Bank (ECB) is drafting a new digital asset scheme rulebook as it lays the groundwork for the introduction of a digital euro.
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UK Strategy Targets Growth Via Payments And SM&CR Changes

Finance minister Rachel Reeves has unveiled reforms intended to inject momentum into the economy, promising to slash red tape and accelerate upgrades to the country’s payments infrastructure.
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EPC Finalises API Specifications For SEPA Request-To-Pay Interoperability

The European Payments Council (EPC) has published its SEPA Request-To-Pay (SRTP) Inter-Service Provider (SP) API Specifications, completing the technical documentation needed to support the implementation of the SRTP scheme across the Single Euro Payments Area (SEPA).
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President Trump’s Tax Bill Raises Slot Tax Reporting Threshold

A tweak to the tax bill signed by President Donald Trump would modernize gaming tax policy by increasing the threshold for reporting jackpot wins on slot machines and video lottery terminals in casinos.
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Gambling Commission Fine Transparency Improving But UBO Rules Cause Concern

The Gambling Commission's new criteria for imposing fines will help increase the transparency around predicting fine amounts, but some concerns remain over how the rules impact ultimate beneficial owners (UBOs), according to legal experts.
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Consultation May Signal End Of Surcharges In Australia

The Reserve Bank of Australia (RBA) has opened a consultation into card surcharging, which it says is no longer achieving its intended purpose of guiding consumers towards efficient payment choices.
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EBA Clarifies PSD2 Scope On Credit, Postal Orders And Fuel Cards

The European Banking Authority (EBA) has published clarifications on applying the revised Payment Services Directive (PSD2), covering the definition of credit, the status of postal money orders, and the classification of fuel cards as payment instruments.
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Wise Fine Highlights Evolution Of US Payments Regulation

The $4.2m fine for money laundering and Bank Secrecy Act (BSA) violations reflects both a trend towards local enforcement and a sharpened focus on anti-money laundering and counter-terrorism financing (AML/CTF).
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DraftKings Pays $3m To Settle Connecticut Marketing Investigation

DraftKings has agreed to return more than $3m to players and pay a $50,000 penalty in a second high-profile settlement announced by Connecticut regulators in as many months.
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Romanian Gambling Ad Restrictions Incoming But Lawyers Flag Need For Clarity

Romania’s new Audiovisual Code introduces several important changes, clarifications and restrictions; however, questions raised about the definitions, such as sports personality or influencer, have not been “thoroughly defined”, according to legal experts.
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