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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Singapore Clarifies BNPL Data Will Not Be Shared With Financial Institutions

Singapore’s top central banker has fielded parliamentary questions on the country’s buy now, pay later (BNPL) regulations, in an effort to assure lawmakers that users are protected from data risks and over-indebtedness.
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Payments

UK Banks Failing To Protect Customers From ’Spoofing’ Fraud, Says Study

A new study by UK consumer watchdog Which? has found that some banks are leaving customers vulnerable to "spoofing" fraud by failing to implement protections.
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Payments

Is Dual Routing The Answer To Rising Card Fee Conundrum?

Mandating dual routing is one of the many tools regulators have as they try to keep card acceptance costs at bay. With several countries pushing for dual routing, one merchant advisory firm tells VIXIO the merits of this regulatory method compared with capping interchange fees.
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Payments

Alderney Names Journalist Andrew Gellatly As Online Regulator

The Alderney Gambling Control Commission has named veteran gambling journalist, policy researcher and VIXIO GamblingCompliance co-founder Andrew Gellatly as executive director, signalling an acceleration in pandemic-era global engagement.
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Gambling

Missouri Sports-Betting Bills Are Back But VLTs Remain A Roadblock

Lawmakers in Missouri have begun filing bills ahead of the 2023 legislative session, with two sports-betting bills among the hundreds expected to be introduced by members of both chambers of the state legislature.
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Gambling

Ireland Gambling Regulation Bill Finally Published

Ireland’s justice minister, Helen McEntee, has published the country's long-awaited Gambling Regulation Bill 2022, 66 years after its current primary gambling law was introduced.
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Gambling

Italian Market Consolidated By 2022 M&A Flurry

A spate of mergers and acquisitions among Italian-facing operators has shaken up Europe’s second-largest online market, leading to a more heavily concentrated market share picture at the corporate level.
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Gambling

Week In Crypto: FTX CEO Says He ‘Did Not Try To Commit Fraud’, ECB Claims Bitcoin At Death’s Door

Former FTX CEO Sam Bankman-Fried comes face to face with dispossessed customers at a New York Times event, European central bankers question bitcoin’s longevity and Kraken lays off almost a third of its staff.
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Payments

Barclays Slapped With £8.4m Fine Over Card Fee Disclosures

The Payment Systems Regulator (PSR) has fined Barclays for not giving retailers full information about the costs of its card services.
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Payments

Ireland To Fix Retail Banking Through ‘Organic And Progressive’ Change

The Irish Government’s comprehensive review of the country’s retail banking sector has concluded with 34 separate recommendations to better improve the culture of governance, competition and consumer protection.
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Payments

Daily Dash: SWIFT Low-Value Cross-border Payment Services Triples Users

SWIFT’s low value cross-border payments solution triples membership among member banks, Indonesia publishes white paper on its central bank digital currency (CBDC) design, and HSBC closes UK branches and sells Canadian bank.
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Payments

Finnish Opposition Budget Eyes €50m Licensing Boost

Finland’s National Coalition Party (NCP), the country’s third-largest in Parliament, says that the country’s gambling monopoly system has “failed” to protect people from harm.
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Gambling

Twitter: The Secret Weapon U.S. Sportsbooks Use To Keep Up With Sharps

Overshadowed by all the news coverage about its turbulent transition under new owner Elon Musk is Twitter’s importance in providing critical betting information to sportsbook operators.
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Gambling

Massachusetts Gaming Commission Approves Sports-Betting Vendor, Tax Regulations

As the Massachusetts Gaming Commission prepares to host a public hearing Monday on the state's three casino retail sports-betting licenses, commissioners agreed to set aside some time in an upcoming meeting for a policy briefing on promotional play credits and free bets.
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Gambling

Personnel Moves - November 2022

Chris McGinnis named as Playtech’s new chief financial officer, Anthony “Tony” Rodio, chief executive of Great Canadian Entertainment has retired as CEO and a director, Australian casino operator The Star Entertainment Group named two non-executive directors to replenish its board after a series of resignations over compliance failures.
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Gambling

News In Brief: November 28-December 2, 2022

Blackstone selling its stake in two Las Vegas casinos for a huge profit, New York bill to make regulator consider amending racing gambling rules, Ontario bans UFC betting over integrity concerns and Maryland grants initial approval for two online sports-betting operators.
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Gambling

RBA Board’s To-Do List: Least-Cost Routing For Mobile Wallets And Further BNPL Oversight

The Reserve Bank of Australia (RBA) has outlined its key payment objectives, which include a two-year window to implement least-cost routing for card-based transactions on mobile wallets, monitoring of Visa and Mastercard’s buy now, pay later (BNPL) platforms and support for instant cross-border payments.
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Payments

India Begins Live Testing Of Retail Digital Rupee

A digital rupee pilot in India has kicked off today, allowing selected merchants and customers to test person-to-person and person-to-merchant payments in Mumbai and New Delhi.
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Payments

UK Study Finds Lack Of ID Verification In Cryptocurrency Gambling

A group of UK-based researchers examining cryptocurrency gambling sites found none that verified the identities of new players, and 35 percent asked for only an email but no personal information.
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Gambling

Auditor Slams Ontario Over Casino Privatization Process, AML Oversight

Two high-profile reforms of land-based and online gambling in Ontario have come under scrutiny after an Auditor General report criticized the province’s lottery corporation for accepting reduced revenue commitments from private casino operators and the Attorney General faces litigation seeking to upend a new iGaming regulatory regime.
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Gambling
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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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EPC Finalises API Specifications For SEPA Request-To-Pay Interoperability

The European Payments Council (EPC) has published its SEPA Request-To-Pay (SRTP) Inter-Service Provider (SP) API Specifications, completing the technical documentation needed to support the implementation of the SRTP scheme across the Single Euro Payments Area (SEPA).
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President Trump’s Tax Bill Raises Slot Tax Reporting Threshold

A tweak to the tax bill signed by President Donald Trump would modernize gaming tax policy by increasing the threshold for reporting jackpot wins on slot machines and video lottery terminals in casinos.
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Gambling Commission Fine Transparency Improving But UBO Rules Cause Concern

The Gambling Commission's new criteria for imposing fines will help increase the transparency around predicting fine amounts, but some concerns remain over how the rules impact ultimate beneficial owners (UBOs), according to legal experts.
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Consultation May Signal End Of Surcharges In Australia

The Reserve Bank of Australia (RBA) has opened a consultation into card surcharging, which it says is no longer achieving its intended purpose of guiding consumers towards efficient payment choices.
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EBA Clarifies PSD2 Scope On Credit, Postal Orders And Fuel Cards

The European Banking Authority (EBA) has published clarifications on applying the revised Payment Services Directive (PSD2), covering the definition of credit, the status of postal money orders, and the classification of fuel cards as payment instruments.
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Wise Fine Highlights Evolution Of US Payments Regulation

The $4.2m fine for money laundering and Bank Secrecy Act (BSA) violations reflects both a trend towards local enforcement and a sharpened focus on anti-money laundering and counter-terrorism financing (AML/CTF).
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DraftKings Pays $3m To Settle Connecticut Marketing Investigation

DraftKings has agreed to return more than $3m to players and pay a $50,000 penalty in a second high-profile settlement announced by Connecticut regulators in as many months.
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Romanian Gambling Ad Restrictions Incoming But Lawyers Flag Need For Clarity

Romania’s new Audiovisual Code introduces several important changes, clarifications and restrictions; however, questions raised about the definitions, such as sports personality or influencer, have not been “thoroughly defined”, according to legal experts.
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