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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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

Ohio Regulator Continues Sports-Betting Advertising Vigilance

The first bets were accepted in Ohio just seconds after 2022 became 2023 early on Sunday morning, but in the lead-up to launch, state regulators expressed their continued frustration with the advertising tactics of sports-betting operators and said they are already planning a six-figure fine for DraftKings over marketing violations.
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Gambling

Peru's Political Turmoil Not Expected To Affect Online Gambling Law

In the first week of December, Peru’s former President Pedro Castillo was jailed for attempting to dissolve Congress and install an emergency government, but gambling industry insiders remain optimistic the upheaval will have a minimal effect on the timeline for regulating online gambling.
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Gambling

Week In Crypto: FTX Execs Plead Guilty To Fraud, Binance Financials Probed As Auditor Quits

Breaking news as two top executives associated with FTX plead guilty to criminal fraud charges. Meanwhile, Sam Bankman-Fried’s extradition to the US is confirmed and doubts are raised over Binance’s elusive balance sheet.
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Payments

Durbin’s US Credit Card Bill Not On Congress’ Agenda

2023 is going to end without US Congress acting on the widely-disputed Credit Card Competition Act after it failed to make it into the government’s omnibus spending bill.
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Payments

EU Banks Weigh On Online Consumer Protection Proposal

The European Banking Federation has said the Payment Service Directive should prevail over new online consumer protection rules and that legislators must ensure they do not create unnecessary friction in the consumer journey.
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Payments

Daily Dash: Young Google Users Can Now Pester Parents To Pay For Purchases

Google brings pester power into the digital age allowing kids to request payment from their parents for app purchases, McDonald's launches automated Drive Thru payments in South Korea and Bolsonaro signs new crypto law in Brazil.
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Payments

Manila's Pasig Region Set To Ban Online Gambling Operations

The elected council of one of Metro Manila’s more prominent regions has banned local and foreign-facing online gambling and related services within its city limits.
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Gambling

Gaming Industry Faces Battle To Improve Its Media Image

The fallout continues from last month’s series of articles by the New York Times on the U.S. sports-betting industry, and it is not clear how the industry can devise a strategy to respond to negative news coverage as betting and casino companies expand their markets.
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Gambling

Oregon Committee Wants Ongoing Oversight Role On Gambling

A special legislative committee on gambling regulation is seeking a more permanent role in steering gaming policy in Oregon and has recommended a pause in any expansion of lottery games or sports betting pending further study.
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Gambling

EU Online Casinos Key Mafia Laundering Tool, Says Study

There are few better tools than online casinos for criminals to launder their illicit funds, according to a new study on money laundering in the European Union.
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Gambling

News In Brief: December 19-December 23, 2022

BetMGM reveal customer data hacked six months ago and Maverick completes Evergreen Gaming acquisition.
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Gambling

Ukrainian Parliament Preps Blocklist With New Gambling Bills

Ukraine is preparing a blocklist of unlicensed operators and new rules to make it harder for Russian-backed operators to slip into the market, as it continues to root out companies linked to the nation invading its territory.
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Gambling

Nine UK Banks Unite To Launch New Non-Profit Access To Cash Company

Led by UK Finance, a financial services trade association, nine banks have come together to launch Cash Access UK, a new non-profit company focused on high-street access to cash.
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Payments

2022 Wrap-Up: Key Payment Regulatory Developments in the EU and the UK

This overview provides details of the key 2022 regulatory developments across the EU and the UK within the financial sector, and those which will continue into 2023. The main regulatory developments have involved areas such as consumer credit (buy now, pay later - BNPL), consumer protection, anti-money laundering (AML), crypto-assets and the sanctions regimes imposed on Russia as a consequence of the conflict in Ukraine.
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Payments

VIXIO Impact Index: November Fall Bucks Previous Seasonal Rises

As Regulatory Impact unexpectedly fell in the month of November, VIXIO discusses preparation of the UK’s new Consumer Duty, something that will have significant impact on payments, and considers reasons behind the falling regulatory activity in Canada.
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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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