On Demand: Report Builder Demonstration

Introduction

Welcome to the Vixio Regulatory Intelligence Webinar. My name is James Lee, Senior Business Development Manager at Vixio Gambling Compliance, speaking from London, England. I am joined by my colleague Algra Lapetina, who leads our regulatory research team and is joining us from Washington, D.C. In this webinar, we will explore the comparative analysis of gambling regulations from various jurisdictions worldwide using the Vixio Gambling Compliance Report Builder.

What is the Report Builder?

Vixio is a trusted source of independent and actionable regulatory intelligence for compliance and regulatory strategy professionals in highly regulated industries. The Report Builder helps understand the gambling regulations that differ significantly from jurisdiction to jurisdiction. It allows businesses to make quicker, well-informed decisions regarding compliance and regulatory development.

Methodology and Functionality

The Report Builder allows users to pull information into one unified report from our jurisdictional reports, covering more than 175 jurisdictions worldwide. Our regulatory summaries are categorized under various headings, providing a comprehensive overview of gambling regulations.

Analysis of Gambling Regulations

We performed several analyses using the Report Builder to compare gambling regulations focused on responsible gambling, B2B licensing, and more. Here are some of the key takeaways:

Responsible Gambling Comparison

Through the Report Builder, we examined responsible gambling requirements across different jurisdictions such as the UK, Virginia, and Colombia. The UK leads in the volume of responsible gambling requirements, with strict standards that operators must adhere to. Virginia has recently enforced more robust responsible gambling requirements since legalizing mobile sports betting.

Colombia is witnessing a tightening of responsible gambling provisions, marked by new advertising rules requiring operators to monitor player behavior actively.

Market Entry Comparison

The Report Builder also allows for comparisons concerning licensing costs, advertising restrictions, and taxation rates. Notably, Brazil's market for online gambling presents significant opportunities, projected to reach $ 4.9 billion in size by year five of operations. However, this potential comes with high entry costs, amounting to approximately $ 6.1 million for a license.

In comparing various jurisdictions, the Netherlands has a high tax rate of 30.5%, while Ontario remains competitive at around 20%, providing valuable insights for operators determining their market entry strategies.

B2B Supplier Licensing Trends

The discussion further shifted towards B2B suppliers' increasing regulation globally. Vixio recently introduced Supplier Licensing and Certification Q&As for 45 regulated jurisdictions, reflecting a rise in supplier licensing requirements, especially in the US and Europe.

Conclusion

The Vixio Gambling Compliance Report Builder is a powerful tool to help compliance professionals or those considering market expansions. As the regulatory landscape continues to evolve, it helps ensure operators remain informed and compliant.

Keywords

Vixio Gambling Compliance
Report Builder
Responsible Gambling
Compliance Strategy
International Regulations
Licensing
Gambling Markets
Market Entry

FAQ

Q: What is the Report Builder?
A: The Report Builder is a tool that enables users to compare gambling regulations and requirements across various jurisdictions, streamlining the research process.

Q: How do I access the Report Builder?
A: Existing subscribers can access it through the "My Tools" section on Vixio's homepage. Non-subscribers can visit the Vixio website to explore subscription options.

Q: What are the current trends in responsible gambling regulations?
A: Countries like the UK and regions such as Virginia and Colombia are enhancing their responsible gambling regulations to minimize gambling-related harms.

Q: How does the Report Builder assist with market entry decisions?
A: It allows users to compare critical factors such as licensing costs, taxation rates, and advertising restrictions, aiding operators in evaluating potential markets.

Q: What is the significance of B2B supplier licensing?
A: As jurisdictions tighten regulations on B2B suppliers, licensing requirements are increasingly becoming common, particularly in the US and across Europe, to combat black market activities.