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Vixio Regulatory Intelligence, the leading provider of regulatory and business intelligence to the global gambling and payments industries, today announced that it has been selected as winner of the “Best RegTech Solution” award in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough.

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.

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

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.

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.

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.