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Online Gambling Goldrush Expected in Multibillion-dollar Brazil Market

Forthcoming regulation of online gambling in Brazil should create a market worth almost US$5bn in annual revenue, according to a new report by Vixio Regulatory Intelligence, the leading provider of regulatory and business intelligence to the global gambling and payments industries.

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Vixio PaymentsCompliance Forms Executive Advisory Board

Vixio PaymentsCompliance, a provider of regulatory intelligence to the global payments industry, has held the first meeting of its newly formed Executive Advisory Board.

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New Vixio Annual Payments Compliance Outlook Report Reveals renewed and sustained focus on growth

Vixio Regulatory Intelligence's new report, Payments Compliance Outlook 2024: The Compliance Dilemma - Growth at What Cost? reveals a renewed and sustained focus on growth from payments firms – and that two of the top three priorities for 2024 are to acquire new product licences and expand market entry.

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Latin America online gambling market set to quadruple, according to new report

Latin America’s regulated online gambling market is set to quadruple in size and reach $6.75bn in annual revenue by 2027, according to Vixio Regulatory Intelligence’s new Latin America Online Outlook report. Although established markets in the region have plenty of headroom, the main driver of growth will be a series of new laws and regulations that are set to be adopted in the coming months in several key jurisdictions including Brazil.

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US Payments Regulation to Remain a Complex Field from Inconsistent State-Level Adoption of MTMA, Vixio Data Show

Payments regulation in the US is likely to remain complex for the foreseeable future as each state makes its own rules at its own pace, predicted using Vixio’s Horizon Scanning tool, an SaaS solution which now covers all 50 states in the US.

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OpenBet Selects Vixio as Regulatory Compliance Partner

Leading content, platform and service provider to the sports betting industry OpenBet will continue its partnership with Vixio as it embarks upon a new chapter of growth.

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Bloomberg: FanDuel Parlays Fantasy Sports Into a $1.9 Billion Betting Boom

The company has converted a rabid fantasy fan base into a lucrative clientele for its U.S. sports-betting business. Such bets are harder to win, meaning the company keeps a larger chunk of wagers and can out-earn rivals, says James Kilsby, a vice president at research company Vixio GamblingCompliance. “You’re betting on two contingencies,” he says. “That’s really helped to grow its market share.”

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Financial Times: DraftKings makes bid to acquire UK rival gambling group Entain

The £18.4bn approach from US sports betting company comes as domestic market enjoys explosive growth “It’s a major signal of intent by DraftKings to become a global online gambling powerhouse,” said James Kilsby, US managing director of the industry research company Vixio. “MGM has always been the presumed suitor for Entain and this has very much put the cat among the pigeons.

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USA Today: Six charts show sports betting’s digital explosion with NFL season about to kick off

In just three years since the Supreme Court ruling, legal sports betting has quadrupled in the U.S. with online gambling taking off. While there are many online sports books vying for Americans’ online gambling dollars, three companies, according to VIXIO GamblingCompliance, handle more than 80% of the online sports betting in the U.S. That includes FanDuel with nearly double the market share of No. 2 DraftKings.

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Financial Times: Verizon gambles on sports betting to restore media business

The booming US gambling market grants telecoms group’s failed push into content a shot at redemption. James Kilsby, VIXIO GamblingCompliance, said that Verizon’s NFL relationship, its 5G technology and its loyal band of millions of Yahoo Sports users mean that it “ticks a lot of boxes” as a potential big player in the fast-growing US sports betting market. He added that betting is now an “overriding[ly] mobile experience”, increasing the potential for media and telecoms groups to push into the sector.

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Fox Business: Colorado sports gambling takes off with record $326.9 million worth of bets in January

More than $1.5 billion in wagers has been placed in Colorado since the state legalized sports gambling last May. With more states establishing legal markets, the burgeoning industry will continue to expand. Consulting firm VIXIO estimated in a report last month that the sports gambling industry could bring in as much as $10 billion in total revenue by 2025.

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ESPN: Record $6 billion bet with New Jersey sportsbooks in 2020

A record $6.0 billion was bet with New Jersey sportsbooks in 2020, according to revenue numbers released Wednesday by the state’s Division of Gaming Enforcement. Gambling industry trade publication VIXIO Gambling Compliance forecasts that the U.S. sports betting market could generate upward of $10 billion in annual revenue by 2025.

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