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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Ohio Regulator Says Affiliate Marketers Central To Responsible Gaming Concerns

Ohio has immediately become perhaps the most aggressive U.S. state to date in enforcing responsible gambling protections through sanctions, and the regulator’s executive director said Tuesday that much of that conversation revolves around affiliate marketers.
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Gambling

German Regulator Refers Cases For Criminal Prosecution

Germany’s newly empowered gambling authority has said regulators have filed more than 60 prohibition orders and referred more than 30 cases for criminal prosecution.
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Gambling

New Year, Same Wait For Brazil's Sports-Betting Regulation

Recent changes to Brazil's tax codes and comments from an outgoing senior official would suggest that regulations for sports betting are imminent, but legal experts are advising caution as a new presidential administration takes office.
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Gambling

PSR Responds To TSB Warning On APP Fraud Reimbursement Threshold

The UK’s Payment Systems Regulator (PSR) has responded to claims made by TSB Bank that new rules on reimbursement for authorised push payment (APP) fraud will exclude a significant number of victims.
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Payments

EBA Drops Ten New PSD2 Q&As (Part 1)

The European Banking Authority (EBA) has issued a new set of clarifications regarding the revised Payment Services Directive (PSD2). This first of two insights, which VIXIO is looking at over the next two days, focuses on fraud loss liability, different business models for regular payments and safeguarding of funds.
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Payments

Pending Dutch Ad Ban Needs Clarification, Says Advisory Body

The Dutch government’s regulatory advisory body has warned that a raft of proposed advertising restrictions “have not been sufficiently elaborated”.
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Gambling

U.S. Adoption Of Cashless Wagering Driven By Changes To Consumer Preferences

Although vintage slot machines that accept coins can still be found on a few casino floors in the U.S., the move to cashless gaming is set to continue in 2023 driven by the effects of the coronavirus pandemic and changes in consumer preferences.
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Gambling

Treat Crypto Like Gambling, Says ECB Official

Trading in unbacked digital assets should be treated by regulators like gambling, according to a leading European banker.
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Gambling

Italian Gambling Concessions Extended

Italy’s betting, bingo, slots and online gaming concessions have been extended by a year after they were set to expire at the end of 2022.
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Gambling

UPDATE: J.P. Morgan To Face Lawsuit Over Loss Of $272m From Ray-Ban Maker’s Account

A US judge has ruled that J.P. Morgan must face a lawsuit that seeks to hold the bank liable for the loss of $272m from the account of a Thailand-based Ray-Ban manufacturer.
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Payments

Indian Court Tells Google To Pay 10 Percent Fine Deposit For Appeal To Be Heard

An Indian appellate court has ordered Google to deposit 10 percent of two penalty fines that it received for abuse of its position before it will grant its motion to appeal.
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Payments

Treat Crypto Like Gambling, Says ECB Official

Trading in unbacked digital assets should be treated by regulators like gambling, Fabio Panetta has said in his latest intervention.
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Payments

TikTok To Enable Instant Account-To-Account Payments On Platform

TikTok parent ByteDance has partnered with J.P. Morgan to build a real-time payments infrastructure as the firm looks to leverage local instant clearing systems to reduce costs and enhance user experience.
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Payments

Ukrainian Industry Calls For State Monitoring Of Gambling Amid Tax Hike Fears

A trade group representing gambling operators in Ukraine is calling on the government to accelerate plans for an online monitoring platform to forestall the activation of a higher tax rate.
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Gambling

Chile's Economy Commission Begins Online Gambling Bill Discussions

Chile’s bill to legalise online gambling took a step forward last week as the Chamber of Deputies' Economy Commission began to evaluate the project.
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Gambling

Ireland Could Restrict Gambling Ads In Sport, Say Researchers

Ireland needs a targeted focus on higher-risk groups of the population such as sports players in its pending legislation, according to the Economic and Social Research Institute.
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Gambling

Problem Gambling Prevention Funding Focus Of U.S. State Lawmakers

In 2023, lawmakers in several states will consider proposals to increase funding for problem gambling or prioritize treatment services as they deal with the impact of new forms of legalized gambling on their communities, including sports betting and casino gaming.
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Gambling

Week In Crypto: SBF Pleads Not Guilty, Coinbase Hit By $100m Settlement, Judge Rules In Celsius’ Favour

FTX’s former CEO pins his hopes on an acquittal, Coinbase is rapped for over-stretching its compliance muscle and a federal judge confirms that Celsius owns its customers’ crypto.
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Payments

First EMI Joins Spanish Payment System

Iberpay, which oversees Spain’s national payments system, has hit a milestone after it incorporated its first electronic money institution (EMI).
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Payments

Daily Dash: Saudi Arabia Launches Open Banking Lab

Saudi Arabia has launched its Open Banking Lab following last year’s framework announcement, and Denmark has recorded its first year without a bank robbery.
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Payments
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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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