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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Mastercard Breached US Debit Card Rules, FTC Says

The US Federal Trade Commission alleges that Mastercard has been blocking the use of competing networks for online debit card payments in breach of federal regulations.
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Payments

UK Lawmakers Lobby As White Paper Nowhere In Sight

As Christmas and New Year in the UK passed without a Gambling Act review update, some politicians are still publicly trying to influence the contents of the long-awaited white paper.
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Gambling

Finnish Government Mulls End Of Online Gambling Monopoly

After months of pressure and speculation Finnish authorities announced on Thursday they are officially considering the possibility of scrapping the country’s gambling monopoly and launching a licence-based online gambling system.
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Gambling

Ohio Becoming Biggest, Baddest Sheriff In U.S. Sports-Betting Regulation

Ohio did not accept its first legal sports wager until New Year’s Day, but after levying hefty fines on Thursday against three prominent operators, the Buckeye State is swiftly establishing itself as perhaps the most relentless enforcer of regulations among sports-betting states.
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Gambling

Fanatics Presents Sports-Betting Plan To Massachusetts Regulators

Details about the forthcoming sportsbook operation of sports retailer Fanatics have been sparse to date, but some information has finally trickled out this week through public presentations in Massachusetts.
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Gambling

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
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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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