Vixio Regulatory Intelligence

🎲 US iGaming expected to eclipse UK as world’s largest market in 2024 In our U.S. iGaming Outlook report, we forecast that total U.S. iGaming gross gaming revenue will grow by 22% year-on-year to reach a total of $8.2 billion in 2024 and will eclipse the U.K. market, which is set to be worth $7.5 billion this year. 🗞️ Read the article for SBC News: https://lnkd.in/eqBri8QU #usigaming #igamingnews #igaming #gamblingnews #gamblingregulations

📢 NEW WEBINAR: Navigating the Latin American Gaming Landscape with Vixio’s Tools and Coverage Join Vixio's Senior Legal Analyst, Matthew Ashton and Senior Client Value Specialist, Kailey Cheng, as they showcase our new tools, special reports and interactive maps that we created to ensure your organisation gets a clear and concise picture of Latin America’s current responsible gambling and advertising measures - as well as discuss notable insights gleaned from this coverage. During the webinar, they’ll explore: 🔎 What the Latin America versions of our Responsible Gambling Overview and Advertising Overview tools are , and how they work 🔎 Notable insights and analysis that can be gleaned from using the tools 🔎 How to maximise Vixio’s coverage of the region, including special reports on Brazil and Argentina, as well as an interactive map. 💺 Save your seat: https://lnkd.in/ec3njWWP #latinamerica #latam #gamblinginlatam #brazilgaming #gamblingwebinar

🐦 Early bird discount 🏆 With our shortlist announced earlier this week, the excitement is building - it’s time to reserve your table for the 8th annual Global Regulatory Awards. Take advantage of our early bird discount rate and book now before they are all gone. 🗓️ December 4, 2024 📍The Grand Connaught Rooms, London Book your table: https://lnkd.in/etcMj2ZM We’re looking forward to welcoming you! #GRA2024 #GamblingComplianceAwards #GamblingRegulation

Reach out to me or Roseanne if you would like to learn more about the opportunities at Vixio Regulatory Intelligence!

👋 Meet a Vixio PaymentsCompliance customer... De Matteis Law is a prominent legal firm at the forefront of technological developments has a highly successful practice in antitrust and payment regulation in Europe. With so much regulatory change happening on this front, a small team in place, and clients requiring advice backed by up-to-date information, they needed a solution that would ensure they never missed an update - and this need spans payments service regulation and cybersecurity regulation across multiple jurisdictions - in Europe and beyond. 💡 The deciding factor for choosing Vixio PaymentsCompliance as its trusted partner in regulatory intelligence? Its global coverage. We spoke to Andrea De Matteis, Founding Partner of De Matteis Law, and Simone Giordano, Partner, to find out more. 🔎 Read the full case study: https://lnkd.in/e2yyJCYr #paymentsregulations #compliancesolutions #cybersecurity #customersatisfaction #customerstory

🔍Here’s the latest news in payments that Vixio Regulatory Intelligence covered in the last week: 1️⃣ ECB Invites Experts For Talks On Offline Digital Euro Deployment. The European Central Bank (ECB) has announced that it will be convening a series of expert technical talks to explore the deployment of the digital euro’s offline functionality on embedded Secure Elements (eSE) and embedded SIMs (eSIM) in mobile devices. 2️⃣ Wind-Down Of FTX's Former Bank Is Now Complete, Says US Fed. The US Federal Reserve Board has announced that Silvergate Bank has paid back all of its deposits to customers and has been successfully liquidated. 3️⃣ India Seeks Comment On Draft Framework For Alternative Authentication Methods. The Reserve Bank of India (RBI) is seeking feedback on a new draft framework for alternative authentication methods for digital payments, such as biometrics and software tokens. 4️⃣ ESMA Issues Opinion On Global Crypto Firms Using Non-EU Execution Venues. The European Securities and Markets Authority (ESMA) has published an opinion addressing the risks posed by global crypto firms operating under the Markets in Crypto-Assets (MiCA) regulation. 5️⃣ One In Ten Canadians Hit By Payments Fraud In Past Six Months. A new report from Payments Canada based on a survey of 1,500 Canadians has found that 13 percent of respondents have experienced payment fraud in the past six months. 6️⃣ ESAs Release Final Report On ICT Subcontracting Standards Under DORA. The European Supervisory Authorities (EBA, EIOPA, and ESMA) have published a joint final report on the draft Regulatory Technical Standards (RTS) for subcontracting information and communication technology (ICT) services under the Digital Operational Resilience Act (DORA). 🔗 Read the full blog here: https://lnkd.in/g-DwftNP #PaymentsIndustry #RegTech #Vixio #Compliance #OpenBanking #FinancialRegulation #GlobalFinance #Innovation 💸🌐📈

What's happening in gambling compliance: UK Regulator Defends Problem Gambling Stats Feared By Industry 🎲 A Gambling Commission official has firmly defended its upcoming release of statistics from the Gambling Survey for Great Britain as “open and transparent”, and prepared to set a “new baseline” for tracking gambling-related harm over time 🎲 The release of new statistics, set for Thursday (July 25), has been criticised by gambling industry executives worried that the headline numbers will be taken out of context and used as ammunition by critics seeking tougher restrictions 🎲 Dan Waugh of Regulus Partners challenged new commission guidance published Friday July 19 that warned the survey data should not be used to “provide direct comparisons with results from prior gambling or health surveys”, “as a measure of addiction to gambling”, or “to calculate an overall rate of gambling-related harm in Great Britain” Read the full article by David Altaner: https://lnkd.in/epJPbDbb #gamblingnews #gamblingregulations #brazilgaming

Our Senior Journalist, Jimmie Franklin, will be moderating Envestnet | Yodlee's upcoming webinar to explore the current state, opportunities, and challenges of Open Banking in South Africa. 📆 Thursday 8 August 🕑 10am SAST As financial services in South Africa continue to evolve rapidly, Open Banking is emerging as a pivotal innovation poised to reshape the banking landscape. This groundbreaking approach to financial data exchange is set to enhance transparency, foster competition, and empower consumers with greater control over their financial information. Join an expert panel as they address topics like: 💡 Regulatory Perspective: Understanding the evolving regulatory landscape in South Africa and its impact on Open Banking. 💡 Industry Opportunities: How Open Banking can unlock new business models and revenue streams for financial institutions and fintechs. 💡Consumer Benefits: Exploring how Open Banking will empower consumers with greater financial control and improved services. …and more! Don't miss out on this opportunity to stay ahead of the curve in the financial services sector. 👉 Register you place here: https://lnkd.in/eCTN-CKe #openbanking #fintech #SouthAfrica #financialinclusion

To commemorate the completion of Brazil's formal rulemaking process for online betting, Vixio Regulatory Intelligence sent a special bulletin to clients on Friday sharing our latest analysis and some additional perspectives on recent policy wins and pending regulatory risks for the industry. Policy wins: New regulations for online gaming encompass a full range of casino-style games (which was far from guaranteed based on the structure of Brazil's law on "fixed-odds" betting); a statutory requirement for operators to be at least 20% Brazilian-owned can be met through a legal entity, not requiring an actual local investment partner for foreign companies; retention bonuses will be permitted (even if welcome bonuses are banned); a potentially disastrous 15% winnings tax on every bet was averted, with the tax to instead apply to players' annual net winnings. Compliance challenges: Make no mistake, the Brazilian market has high barriers to entry in terms of both upfront financial commitments and ongoing compliance burdens that operators will have to meet. Taken as a whole, Brazil's series of 10 regulatory ordinances have set a high bar on various matters from responsible gaming monitoring and intervention policies, to where systems can be located, to a general requirement for operators to pay out prizes within 2hrs, etc., etc., etc. Regulatory risks: The release of the final implementing regulations last week by the Ministry of Finance and SPA addresses only one front of regulatory uncertainty in Brazil. Pending policy risks include the permissible scope of state-level licensing and enforcement, with that issue in sharper focus than ever based on recent events in Rio de Janeiro. Sports betting and online gaming are also on the menu for a new consumption or "sin" tax to be applied to supposedly harmful products under a major tax-reform package being debated in Congress (which will already raise headline rates of more general taxes applicable to operators). Meanwhile, Brazil's Senate is separately considering a sweeping expansion of land-based gaming as well as investigating allegations of betting-related corruption in Brazilian football, both of which could have implications for the regulated betting market... If you are an operator, supplier or other stakeholder looking to learn more about the road ahead in Brazil, please do not hesitate to contact me or my Vixio Regulatory Intelligence colleagues to learn more about our legal guides, regulatory and partnership trackers, forecasting tools, and insights & analysis.