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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UK Will Ban VIP Pampering, Set Slots Limits, Newspaper Says

The long-awaited UK gambling white paper will ban VIP loyalty packages, set online slots limits and will finally arrive at the end of this month, according to the Financial Times.
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Gambling

UPDATE: US Financial Data Privacy Law Introduced In Congress

Patrick McHenry, the chairman of the House Financial Services Committee, has formally introduced a bill that seeks to modernise the 20+ year-old federal privacy law.
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Payments

Up Your Compliance Game, Bank Of Lithuania Tells Payments Firms

Lithuania’s central bank has chastised payments and electronic money institutions in the country, telling VIXIO that the rapid growth currently being experienced in the sector must go hand-in-hand with better compliance.
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Payments

New York Regulators Approve New Sports-Betting Advertising Rules

New York regulators approved a set of proposed rules on Monday that would enact new marketing restrictions on college campuses and severely limit affiliate marketing agreements.
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Gambling

Czech Finance Minister Targets Gambling Tax Hike

The Czech Republic’s finance minister, Zbyněk Stanjura, has said he is planning to introduce a higher tax rate for gambling.
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Gambling

Operators, Affiliates Seek Changes To Massachusetts Marketing Regulations

The Massachusetts Gaming Commission is scheduled to vote on Wednesday on amendments to its operative rule prohibiting marketing affiliate revenue-share or cost-per-acquisition deals, following public input from affiliate representatives and sports-betting operators.
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Gambling

UK Government’s Payment Services Regulations Review and Call for Evidence

This analysis focuses on the objectives of the review, as well as what the government has intentionally left outside its scope, its connection with other government initiatives and potential impacts on the payments industry.
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Payments

Data Dive: Exploring Northern Europe’s Dominance In EU Payments Licensing

Following new data published by the European Banking Authority exploring the authorisation processes of payment firms between 2019 and 2021 across the EU, VIXIO takes a brief look at the trends behind these numbers, which show significant activity in Northern Europe.
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Payments

US Axes Low-Cost Cross-Border Service Due To Low Adoption

The US Federal Reserve has announced the end of its little-known international ACH service called FedGlobal to Europe and Canada in the coming months.
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Payments

UK Industry Claims ’No Real Competition’ In Card Acquiring

The Payment Systems Regulator has issued a call for evidence as part of its investigation into whether there is enough competition in the card scheme and processing market.
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Payments

FSB Unveils Action Plan For G20 Cross-Border Payments Roadmap

The Financial Stability Board (FSB) has published a new report setting out its priority actions for achieving the G20 targets on enhancing cross-border payments, and has called on further input from industry leaders.
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Payments

States' Short Sessions Leave Tight Timelines To Pass Gambling Bills

Virginia has become the first state to wrap up its legislative session for 2023, with a bill on problem gambling scoring approval but other proposals related to casinos and sports-betting taxes are left for further discussion as part of the budget process.
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Gambling

Gibraltar Supreme Court Grants £5m Asset Freeze In Mansion Case Against Ex-CEO

The Supreme Court of Gibraltar has granted a £5m worldwide freezing order against Mansion Gibraltar's former chief executive and de facto chief financial officer, Karel Christian Manasco.
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Gambling

US State Seeks Federal Consumer Protection Power Following Bank Merger Fiasco

The Connecticut state attorney general is seeking new investigative authority to enforce federal consumer financial protection rules after several consumers were left without access to online banking and debit accounts during a bank merger process. If granted, it could have wide implications for US payment firms.
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Payments

SCA Must Be Consumer Duty Compliant, Says UK Regulator

The UK’s Financial Conduct Authority (FCA) has written to payments firms outlining what they need to consider when implementing the Consumer Duty in its latest communication on the controversial new compliance requirement.
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Payments

Week In Crypto: Binance Named In US Money Laundering, Drug Trafficking Probe

Another money laundering case closes in on Binance, FTX Japan customers to be made whole again and Coinbase earnings reveal that revenue is down more than 75 percent year-on-year.
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Payments

Daily Dash: Ex-Mastercard Chief Gets Biden’s Endorsement For World Bank

President Biden has endorsed a former Mastercard boss for the World Bank presidency, US card skimming attacks are on the rise and New York regulator boosts crypto fraud detection powers.
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Payments

New York To Tighten Regulations For Sports-Betting Advertising

The New York State Gaming Commission is proposing to ban advertising on college campuses and require clearer disclosures for player bonuses as part of new rules to govern sports-betting advertising due to be taken up next week.
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Gambling

U.S. Legislative Flurry Sees One iGaming Bill Die, While Another Lives On

With key legislative deadlines approaching in several states, this week there has been a flurry of activity that includes new sports-betting bills, sports wagering and internet gaming bills advancing, and in one closely-watched state, online casino legislation dying for another year.
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Gambling

French Regulator Seeks Reduction In Spend From Problem Gamblers

The French gambling regulator has called on operators to prioritise reducing their share of gross gaming revenue generated by problem gamblers in 2023.
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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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