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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News In Brief: January 3-January 6, 2023

Ukraine's gambling tax income is nearing pre-war levels, the country's regulator has said.
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Gambling

US Consumer Watchdog Wants New Rules For Credit Reference Agencies

Although improvements have been made, the Consumer Financial Protection Bureau has warned that new compliance requirements may be necessary to bring down credit reporting firms' complaints.
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Payments

India Migrates Payments Fraud Reporting To New Suptech System

A new supervisory technology (suptech) system is now live in India, and has taken over as the main channel for banks and other financial institutions to report suspected payments fraud.
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Payments

Turkey Completes First CBDC Transactions

The Central Bank of the Republic of Turkey has run its first test transactions on the digital lira network, promising a report on progress so far.
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Payments

Massachusetts Grants Barstool Preliminary Mobile Sports-Betting License

After several weeks of expressing concerns about its Barstool Sports affiliation, Massachusetts regulators ultimately gave Penn Sports Interactive a conditional green light Wednesday to move forward with its online sports-betting platform in the state.
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Gambling

Albania Targets Q1 For Sports-Betting Law

Albania’s government is aiming to have a legal framework to un-ban sports betting again within the first three months of 2023.
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Gambling

New Year Brings New Nevada Cybersecurity Regulations

Nevada’s casinos have until the end of the year to perform a risk assessment of the vulnerability of their computer systems to cyberattacks that could potentially compromise customer data and negatively affect the state’s lucrative gaming industry.
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Gambling

Licence Renewals Bring German Betting Relief

Betway, Bet-at-Home and Happybet are among online gambling companies getting their German sports-betting licences refreshed for 2023, alleviating concerns that a committee of gambling regulators would block a significant number of renewals.
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Gambling

China To Launch State-Backed NFT Marketplace, But ’Cryptocurrency’ Still Illegal

After making cryptocurrency trading and mining illegal in 2021, China has unveiled its first "national-level compliant" exchange for the secondary trading of non-fungible tokens (NFTs).
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Payments

ECB Seeks Digital Euro Scheme Rulebook Support

The European Central Bank (ECB) is inviting payments and financial services experts to express their interest in contributing to the drafting of a rulebook for a digital euro scheme.
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Payments

Back To Work: A Recap Of Payment News While You Were Away

Following the festive break, VIXIO PaymentsCompliance provides a short round up of some of the key events over the past few weeks that you may have missed, including Croatia becoming the latest eurozone member, the completion of the US CBDC project, new Malaysian electronic money rules and Russia to allow transfers with "unfriendly states".
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Payments

New York Panel Approves $500m Casino License Fee As Applications Open

The process of acquiring one of three new licenses to operate full-fledged casinos in or around New York City officially comes with the most expensive price tag in U.S. history, after a state site selection board approved a minimum $500m license fee.
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Gambling

Spain Q3 Results Suggest Adjustment To Ad Ban

The Spanish gambling regulator has published its financial report for Q3 2022, suggesting that the country’s industry has thrived, but did not address hidden reasons why the data may be misleading.
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Gambling

Finnish Minister Pushing For Online Licensing

A Finnish government minister has said there is large cross-party support for the introduction of an online gambling licensing regime.
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Gambling

Personnel Moves - December 2022

Fresh deputy leadership in place at the European Casino Association, a new face at the top of the International Gaming Institute, more figures exit Star Entertainment and there's a new head regulator in Colombia.
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Gambling

The Battle For Your Wallet: 2022 Year In Review

After another year of disruption for the global payments industry, VIXIO takes a look at the trends that have shaped 2022, from the continued demise of cash to the rise of instant payments, open banking and the war on card fees.
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Payments

US Beneficial Ownership Rule Draws Broad Lines For Data Access

The US Financial Crimes Enforcement Network has set out its second set of rules governing beneficial ownership information, enabling agencies to directly access the database and use it for more general purposes.
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Payments

India Releases Draft National Online Gaming Rules

India has taken a major step towards constructing a national regulatory space for online gaming by focusing regulation into two ministries and releasing draft rules enshrining industry self-regulation and consumer protections.
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Gambling

Pennsylvania Reopens Application Period For Online Casino Licenses

The Pennsylvania Gaming Control Board has reopened a two-month window for gaming companies primarily operating in other states to submit applications for internet gaming licences that are not tied to a land-based casino.
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Gambling

Long Island VLTs Add To New York Gaming Expansion

As state officials prepare to kick off the licensing process for three new casino-resorts, New York Governor Kathy Hochul has signed legislation to allow an existing casino facility in Long Island to double the size of its gaming floor.
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Gambling
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Philippines Mulls Mandatory Listing Of Online Gambling Companies

In an apparent global first, the Philippine government is considering compulsory stock market listings for online gambling companies to compel greater transparency in operations and ownership.
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Romanian Government Eyes Legislation To Decentralise Gambling Licensing

Romanian Prime Minister Ilie Bolojan has announced that his government plans to propose a draft legislation that will enable municipal authorities to decide on licences for local gambling outlets.
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FCA’s Guardrails For BNPL Aim To Bring Consumer Duty Requirements To The Space

Buy now, pay later (BNPL) users are set to gain new protections under proposals published today by the UK’s Financial Conduct Authority (FCA), which has set a compliance deadline of July 2026.
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UK Industry Wrangles With Rapidly Approaching Cross-Sell Ban

When 2025 draws to a close so will the era of lucrative cross-selling promotions in the UK, with operators and affiliates facing the tall task of adapting successfully to another major shift in marketing compliance.
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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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