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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Argentine Players Campaign To Classify Poker As A Sport

​​​​​​​The Association of Sports Poker Players in Argentina is lobbying hard to have poker classified and regulated as a sport and not a game of chance.
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Gambling

Colombia Tax Reforms Leave Gambling Winnings Mostly Unchanged

​​​​​​​Gambling’s central importance to funding the Colombian healthcare services has spared it from the sweeping reforms to occasional gains taxes proposed by new President Gustavo Petro, according to a local legal expert.
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Gambling

Starling, Monzo Top UK Bank Customer Surveys (Again)

Digital first banks were among the highest ranked UK financial institutions in new surveys commissioned by the Competition and Markets Authority; however, data suggests it has little impact on customer switching habits.
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Payments

Fed Issues Guide On Crypto Firms Access To Pay System

The US Federal Reserve has finalised guidelines aimed at helping regional banks evaluate requests by crypto firms to connect to the central bank payment system. The guidelines are expected to provide much-needed clarity on the process, rebuked by some as a “black box”.
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Payments

Bank Of England Debates Retail CBDC Business Models In Latest Minutes

What role will payment interface providers serve within a retail central bank digital currency (CBDC) ecosystem? A Bank of England forum offers some suggestions.
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Payments

Lithuania Fines (Another) E-Money Firm

The Bank of Lithuania’s active approach to regulating continues, as it slaps another electronic money institution with a fine.
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Payments

Despite Trump Controversy, Georgia Sports-Betting Ally Leads Election Poll

A sports-betting advocate in the Georgia Senate appears to be on his way to becoming the state’s next lieutenant governor even after being linked to efforts to overturn the legitimate results of the 2020 presidential election.
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Gambling

UK Data Agency Reviewing Consumer Complaint Over Sky Bet Ad Tracking

​​​​​​​The UK Information Commissioner’s Office has said it is assessing a complaint by an anti-gambling addiction group which claims that Sky Betting & Gaming improperly uses its own and third-party advertising tracking technology to target problem gamblers.
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Gambling

Curaçao Online Reform Details Emerge After Industry Meeting

​​​​​​​Curaçao’s long-delayed online gambling reforms are making progress and will focus on improving the island's reputation, creating new jobs and increasing transparency, according to finance minister Javier Silvania.
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Gambling

Entain Hit With Biggest UK Penalty, Plus Warning Of Licence Revocation

The UK Gambling Commission has penalised Entain Group £17m in its largest ever punishment and warned the company that “further serious breaches” could lead to licence revocation.
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Gambling

NatWest Wins As Payit Processing Surpasses £1bn Mark

The retail banking giant’s open banking payments tool, Payit, has hit the £1bn in processed payments milestone — two years after it launched.
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Payments

UN Agency Urges Developing Countries To Limit Crypto Use

As citizens in developing countries increasingly turn to crypto for remittances, trade, savings and other use cases, the United Nations has warned that crypto can do more harm than good.
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Payments

Credit Cards Will Cease Existing In Brazil, Central Bank Chief Says

Roberto Campos Neto, president of the Brazilian Central Bank, has predicted that Brazilians will soon stop using credit cards in favour of the country’s open financial system. However, VIXIO analysis suggests cards are doing just fine.
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Payments

Uruguay's Online Gaming Bill Advances In Senate

A draft law that would allow casinos in Uruguay to offer their games online has been approved by the finance committee in the Chamber of Senators.
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Gambling

American Gaming Association Supports Digital Assets Executive Order

The American Gaming Association is urging the Biden administration to work with the gaming industry as the federal government continues its efforts to develop and implement a digital assets strategy, according to a letter submitted to the U.S. Department of the Treasury.
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Gambling

UK Consumers Back Restrictions, As Long As They Affect Others More

​​​​​​​New research suggests UK customers support more restrictions on their gambling, so long as they affect other people more than themselves.
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Gambling

VIXIO Impact Index: July Low And Tracing Seasonal Trends

As regulators, particularly in Europe, take time off for the summer, VIXIO takes a look at the regulatory highs and lows of different jurisdictions, as well as what activity firms can expect for the rest of the year.
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Payments

US Regulators Take Consumer Data Protection Into Their Own Hands

While Congress is moving slowly on legislation aimed at protecting the privacy of consumers’ data, the Federal Trade Commission and the Consumer Financial Protection Bureau are stepping up their efforts to crack down on what they call “commercial surveillance”.
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Payments

Pix Fraud Rockets As Data Reporting Becomes Mandatory

Despite the built-in security features, fraud on Pix, Brazil’s popular instant payment app, is soaring, placing increasing pressure on banks to mitigate risks.
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Payments

Thailand Detains Online Gaming Mogul At Beijing's Request

Thai authorities have detained Chinese Cambodian mogul She Zhijiang, a leading figure in Southeast Asia’s underground online gaming industry, after receiving a request from Beijing for extradition.
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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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