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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Northern Territory Signs Intel Deal With Australia's Online Regulator

Australia’s leading regional licensor of corporate bookmakers has signed an intelligence-sharing deal with the national online gambling regulator, signalling tighter scrutiny of industry operations.
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Gambling

Romania Lawmakers Backtrack On Ad Ban

Romanian lawmakers have scrapped plans for a full advertising ban, instead pushing ahead with a raft of less punitive restrictions.
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Gambling

Massachusetts Regulators Relax Sports-Betting Affiliate Restrictions

After three days of discussions, the Massachusetts Gaming Commission has voted to temporarily lift a prohibition on cost-per-acquisition and revenue-share agreements between third-party marketing affiliates and licensed sports-betting operators.
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Gambling

News In Brief: February 27-March 3, 2023

A Kentucky bill would outlaw skill games currently running as grey-market machines.
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Gambling

Narrowed Regulatory Scope May Keep UK BNPL Afloat

The UK government’s decision to veer away from its original regulatory plans may ensure the survival of many buy now, pay later (BNPL) products, but experts warn a compliance leap should be anticipated for third-party lenders.
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Payments

Tennessee Regulators Fine Barstool, Hard Rock For Sports-Betting Violations

Tennessee regulators have issued their first set of disciplinary sanctions since sports betting began in November 2020, fining two companies a combined $162,000 for violations as part of a continuing trend of U.S. regulators beginning to crack down on operators.
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Gambling

Brazil Betting Regulation Coming 'This Month', Says Finance Minister

Brazil is looking to establish regulations for online betting sometime this month, finance minister Fernando Haddad said on Wednesday.
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Gambling

Chile's Lottery Monopoly Files Criminal Complaint Against Online Operators

Legal battles between online operators and incumbent Chilean gambling interests continue to be waged in the court, with state lottery monopoly Polla Chilena de Beneficencia filing a criminal complaint last week against five leading online brands.
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Gambling

Northern Ireland Gambling Reform 'Highly Unlikely' Before 2027

The Northern Ireland All Party Group on Reducing Harm Related to Gambling predicts that the next phase of the country’s gambling reform will “take several years to complete”.
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Gambling

Chicago Mayor's Ouster Unlikely To Delay Progress On Bally's Casino

The repudiation of Chicago Mayor Lori Lightfoot in her bid for re-election is not expected to hinder the development of Bally’s Corporation’s $1.7bn destination-resort casino in the third largest city in the United States.
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Gambling

Austrian Ruling Suggests No Flood Of Bet Loss Refund Claims

Online casino operators have been pounded by claims for refunds of player losses in Austria, but a recent Supreme Court ruling suggests there will be no similar flood of claims for sports-betting reimbursements.
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Gambling

UK More Likely To Have CBDC Than Not, BoE Cunliffe Tells MPs

Although the Bank of England has not yet taken a decision on whether to issue a digital pound, it is more likely for the UK to adopt one than not, Jon Cunliffe, deputy governor of the Bank of England, has said.
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Payments

Klarna UK Brings Back Late Payment Fees, As Global Losses Hit $1bn

Klarna’s UK business has announced that late payment fees will be returning to the platform, while Klarna’s global business has hit the headlines again following record losses in 2022.
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Payments

Taking Matters Into Their Own Hands: How The Euro Banking Association Is Helping PSPs Prevent Fraud Without Regulation

The Euro Banking Association fraud taxonomy aspires to create a pan-EU set of definitions to help banks, fintech and payments operators grapple with the ever-evolving problem. VIXIO speaks to the association to find out more.
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Payments

Data Protection Laws Hindering Financial Crime Fight, Say Payment Execs

Top payments industry professionals believe that existing data protection laws are acting as a “barrier” in the fight against financial crime, but is a “central depository” for the sharing of such data the solution?
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Payments

FATF Suspends Russia Membership, Adds Nigeria, South Africa To Greylist

The international standard-setting body has decided to suspend Russia’s membership as a result of its year-long aggression against Ukraine while announcing updates to its “greylist”.
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Payments

Missouri VLT Bill Backers Seek Other Legislative Opportunities

After coming up short five times in efforts to legalize video lottery terminals (VLTs) as part of legislation legalizing retail and mobile sports betting in Missouri, one veteran Republican state senator still believes regulating and taxing these machines is crucial to halting the expansion of grey-market games.
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Gambling

Massive Promotional Spend Powers Ohio's First Sports-Betting Month

Ohio regulators announced Tuesday that the state has shattered the all-time U.S. record for gross revenue in its first month of sports betting, aided by a stunning promotional blitz by the market leaders.
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Gambling

Australian Anti-Gambling Group Warns Of Predatory Facial Recognition

A leading Australian anti-gambling group is warning that gambling companies could use facial recognition technology to subvert responsible gambling reforms, a key election issue for the nation’s most populous state.
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Gambling

Belgian Regulator Takes Aim At Ad Ban

Belgium's planned ban on gambling advertising has come under renewed fire from the country’s gambling regulator over fears it will strengthen the black market, despite there being no firm evidence to support the claim.
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Gambling
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Bailey Cool On UK CBDC Suggestions

Hopes of a British central bank digital currency (CBDC) were dealt a blow by the governor of the Bank of England, Andrew Bailey, who said he “remained to be convinced” of the need for one.
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EU Lawmakers Insist Digital Euro Must Safeguard Privacy And Preserve Cash Access

The European Parliament’s Civil Liberties Committee (LIBE) has called for stronger guardrails for privacy and guaranteed access to physical cash in its opinion on the EU's proposed legislation to establish a digital euro.
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Regulatory Influencer: Malta’s Key Observations on Website Practices of Crypto-Asset Service Providers

Earlier in the year, the Malta Financial Services Authority (MFSA) conducted a thematic review of websites belonging to all the crypto-asset service providers (CASPs) authorised by the MFSA in relation to Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA). This was part of the MFSA’s commitment to consumer protection, ensuring that the information provided was fair, transparent and not misleading. Following its review of websites, the MFSA sent out a Dear CEO letter to CASPs laying out its findings.
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Regulatory Influencer: The Philippine Central Bank As Payments Policeman And… Online Gambling Saviour?

The Philippine online gambling industry’s rapid transition from a disgraced foreign-facing segment to flourishing domestic sector is approaching a crunch moment as payments channels come under unprecedented scrutiny.
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Peru President Vetoes Consumption Tax Bill

Peru’s president has partly vetoed a bill that would reduce the impact of a controversial consumption tax applied to online gambling.
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Ukraine Releases Flurry Of Consultations As It Seeks To Update Gambling Rules

Ukrainian licence holders will only have two months to comply with a long list of updated regulations under a key new proposal, as the country unleashes a flurry of consultations aimed at updating and aligning rules as well as improving industry oversight.
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California Tribes Seeking Second Win With Anti-Sweepstakes Legislation

In the wake of an opinion from California’s attorney general that threatens the future of daily fantasy sports in the state, Indian gaming tribes are looking to score a second major policy victory that could threaten sweepstakes operations as well.
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Pennsylvania Issues New Guidance For Virtual Dealers, Promo Bets

Pennsylvania regulators have issued a deadline for online gaming operators and suppliers to come into compliance with a series of new requirements for virtual dealer table games and a specific version of online blackjack.
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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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