Vixio Regulatory Intelligence, the leading provider of regulatory and business intelligence to the global payments and gambling industries, announced today that it has launched a new tool and a first of its kind for the industry to provide an at-a-glance view of over 140 global jurisdictions’ approaches to online gambling.
The Market Assessment Tool (MAT) enables clients in compliance and strategy roles to quickly filter and compare key variables to support decision making around market entry, new product launches and expansion plans.
According to MAT, approximately 58% of covered global jurisdictions across Europe, North and Latin America, Africa and the Asia-Pacific region have either fully or partially regulated their online gaming and betting markets or are actively in the process of establishing a licensing regime. Almost half of these fully or partially regulated markets can be considered to have either restrictive or very restrictive regulatory regimes, offering limited licensing opportunities, requiring high upfront fees or otherwise establishing burdensome compliance obligations for operators.
Some 32 jurisdictions, primarily in Europe, have restrictive or prohibitive approaches to online gambling advertising and 16 jurisdictions covered by MAT are in the process of tightening their regulatory regimes to establish stricter rules.
By offering a balanced view of risks and opportunities in one dashboard, the MAT provides immediate insight into the over 140 covered jurisdictions available, with additional markets to be added in future. MAT also takes collation a step further with a range of functions that allow users to interact with the data directly, giving our clients the ability to compare variables across jurisdictions in order to identify market opportunities that meet specific characteristics based on their company’s profile.
The nine key variables provide insight into each jurisdiction’s regulatory status and restrictiveness through to market size and growth trajectory.
“Over the past few years, online gambling regulation has spread quickly outside of core European markets into the Americas, parts of Africa and Asia,” the Chief Content Officer for Vixio Regulatory Compliance, Roseanne Spagnuolo, said. “This means leading operators and suppliers need to monitor and understand an increasing number of diverse regulatory regimes on a global scale.
“Feedback from our executive clients stated that they need to be able to find this information quickly and we are proud to be able to support this requirement by launching a new powerful tool; saving considerable time when assessing compliance and business requirements.”
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