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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Daily Dash: Irish Finance Minister Intervenes After Outage

Ireland’s finance minister has ordered the central bank to investigate Bank of Ireland’s outage, while Adyen shares dive after a poor H1 performance.
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Payments

Louisiana Law Requires Casinos To Train Employees For Human Trafficking Prevention

If it is not already, Louisiana is on its way to becoming the nation’s leader in the fight against human trafficking in casinos after passing a law requiring employees to be trained to detect and prevent trafficking in their facilities.
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Gambling

Shuttered Philippine Junket Denies Owner Arrested In Singapore

A junket network that announced the sudden closure of its Philippine casino VIP rooms on Tuesday has denied “rumours” that its owner was arrested in a major Singapore police operation on the same day.
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Gambling

BetMGM Launches In UK Using LeoVegas

MGM Resorts International has launched BetMGM in the UK via its subsidiary LeoVegas, but not with Entain, which is joint owner of the same sports-betting and online casino brand in North America.
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Gambling

Texas Lottery Takes No Action On Legislative Order To Ban Lottery Couriers

Texas Lottery officials elected to take no action on a legislative direction to prohibit lottery couriers that the state’s governor called unconstitutional.
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Gambling

News In Brief: August 14-August 18, 2023

Brazil's match-fixing investigation is extended, signalling another potential delay to sports-betting regulation, while Kentucky announces a timeline for the opening of its sports-betting market.
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Gambling

Splitit Proposes Voluntary Delisting And Relocation To Cayman Islands

A troubled buy now, pay later (BNPL) firm has proposed to shareholders that it delists from the Australian Stock Exchange (ASX) and relocates to the Cayman Islands under private ownership, in a bid to secure much-needed capital.
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Payments

UK Reform on AML/CTF Supervision and the Risk-Based Approach

On June 30, 2023, HM Treasury launched a consultation on reform of the anti-money laundering and counter-terrorism financing (AML/CTF) supervisory system in the country. This regulatory analysis will focus on the current AML/CTF supervision framework, proposed alternatives presented in the consultation and some of the potential implications, focusing in particular on the risk-based approach.
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Payments

Early Mover: Singapore Finalises Regulatory Framework For Stablecoins

Singapore is moving towards becoming one of the first jurisdictions to regulate stablecoins, after the central bank finalised a regulatory framework that could soon become law.
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Payments

UK Regulator Consults On APP Fraud Reimbursement Rules

The Payment Systems Regulator (PSR) has launched two consultations on its new authorised push payment (APP) fraud reimbursement requirements as an industry insider tells VIXIO it "misses the point entirely".
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Payments

FIFA World Cup Spurred Increased Gambling Participation In UK

Gambling participation in the UK slightly increased following the conclusion of the men's 2022 FIFA World Cup in Qatar, according to a survey commissioned by the Gambling Commission.
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Gambling

Wynn Resorts Expects UAE License, MGM Cautious About Gambling Legalization

Two U.S. gaming giants continue to move forward with major investments in resort projects within the United Arab Emirates (UAE), albeit one will include a casino while the other will be non-gaming unless authorities in Dubai or on the federal level approve gambling in the future.
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Gambling

Fanatics Sportsbook Ends Testing, Launches In Four U.S. States

Fanatics Betting and Gaming has lifted the curtain on its sports-betting platform, officially launching the product in four states.
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Gambling

Kindred Challenges Norway Award Of Racing Bet Contract

Kindred Group, which has challenged Norway’s gambling monopoly, has also been challenging the award of a race betting monopoly to government-owned Norsk Rikstoto.
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Gambling

Parimatch's Underground India Business Relied On Crypto: Report

A probe by Indian tax officials into Ukrainian operator Parimatch and other online gambling companies has confirmed the underground industry’s reliance on cryptocurrency to remit illegal earnings overseas.
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Gambling

Discover CEO Roger Hochschild Quits As Compliance Issues Linger

Roger Hochschild will step down as CEO and president of Discover, effective immediately, one month after the company conducted an internal review of compliance and corporate governance.
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Payments

Mastercard Bets Big On Cross-Border Payments In Africa

Two of Africa’s largest telcos are set to partner with Mastercard on new initiatives to improve the continent’s cross-border payment options. Meanwhile, Mastercard is set to invest directly in Africa’s fintech sector.
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Payments

Kenya's Gambling Regulator Accused Of Failing To Protect Consumers

The Consumer Federation of Kenya has accused the Betting Control and Licensing Board of “continuously” failing to protect consumers from predatory advertising practices by its licensees.
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Gambling

Mandatory Player Tracking Key To Identifying Problem Gamblers, Says Study

In recent years, some U.S. and European gaming regulators have required licensees to implement mandatory player tracking or customer interactions to identify potentially problematic online gambling and intervene to reduce the risk of harm.
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Gambling

After Florida Delay, Tribal Sports Betting May Reach U.S. Supreme Court

Sports betting in Florida is suspended indefinitely following a legal appeal this week, and if the case reaches the U.S. Supreme Court, the ruling could affect Indian gaming much like a May 2018 decision galvanized the commercial gambling industry.
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Gambling
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EBA Slams Fintechs Over Lax Compliance In New AML Risk Assessment

In its latest risk assessment, the European Banking Authority (EBA) has warned that poor practices and a lack of experience at fintechs, including payments and crypto firms, are undermining efforts to tackle financial crime.
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CFPB Hits Pause On Open Banking Rule Rewrite

The US Consumer Financial Protection Bureau (CFPB) is backing away from its earlier push to scrap a key open banking regulation, instead asking a federal court to pause litigation so it can develop a revised version of the rule.
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Ukraine Adopts EU-Style Open Banking Rules

The National Bank of Ukraine (NBU) has approved a comprehensive package of regulations to implement open banking in Ukraine, supporting the country's efforts to align with the EU.
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Marcos' Keynote Silence On Gambling Cheers Online Industry

The Philippine President’s avoidance of domestic online gambling issues in this year’s congressional appearance has encouraged the industry and frustrated its foes amid finance secretary support for taxation over prohibition.
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UK Threats Loom Even As Regulator Takes Softer Approach

The UK’s gambling regulator says egregious VIP schemes are a thing of the past and is backing bookies' habit of blocking winning customers, but Westminster politicians eager for reform are striking an altogether different tone.The UK Gambling Commission says that schemes which saw big bettors wined and dined by operators in the hopes of extracting more wagers are largely a thing of the past.
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Boyd Big Winner Among U.S. Casino Operators In Sports Betting Rush

The deal between FanDuel and Boyd Gaming to reacquire five percent of the sports betting giant’s equity serves as a reminder of how much the sports betting industry has changed in terms of acquiring market access.
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Trump Administration Pauses Senate Committee Vote On CFTC Nominee

Brian Quintenz’s nomination to be the next chairman of the Commodity Futures Trading Commission has been sidelined for the second time in the last week, this time at the request of the White House.
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Tanzania Eyes Land-based Gambling Changes After Introducing Tax Increases

The Law Reform Commission of Tanzania is reviewing a host of legal changes to help the country achieve its National Development Vision 2050, including looking at the impact of land-based gambling on young people.
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British Horseracing Authority Fight Against Proposed Tax Change Gathers Support

The British Horseracing Authority (BHA) has announced Lord Allen of Kensington will begin his role as chair on September 1 as its fight against a proposed "racing tax" gains support from a wide range of stakeholders.
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EU Regulators Clarify Scope Of DORA Register Of Information

The latest Q&As from the European Supervisory Authorities (ESAs) aim to address confusion around the EU’s operational resilience framework and the expectations for the Register of Information.
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