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Regulatory intelligence solution provider Vixio launched the newest RegTech solution for the iGaming industry, the Vixio Technical Compliance Tool.
The brand-new tool consistently gathers all the necessary technical requirements for operators and providers of US online casinos in regulated markets, saving hours of manual research.
Vixio’s tool covers regulations in numerous jurisdictions in Europe, Latin America, and North America, including Michigan, New Jersey, Pennsylvania and Connecticut.
Key takeaways
- The Technical Compliance Tool launch comes as a response to customer needs.
- The tool allows online casino suppliers to stay compliant in 26 jurisdictions while mitigating regulatory risks.
- With a more complex technical compliance landscape, Vixio’s tool helps customers to expand into new markets confidently.
Vixio makes it easier for online casinos to address compliance obligations
The release of the Technical Compliance Tool results from customer feedback for a solution to technical requirements in the online casino industry.
Vixio’s Technical Compliance Tool supports all suppliers of core online gambling platforms and systems, which include:
- Game content developers
- Online gambling operators
- Regulators and those who set the standards
Online casino suppliers want to capitalize on opportunities to enter newly regulated markets in multiple jurisdictions and accelerate new game development. Meanwhile, they must work with compliance teams to ensure product and regulatory fulfillment.
Regulatory compliance is imperative in the online gambling industry and can be challenging. Regulations and technical requirements vary from jurisdiction to jurisdiction, and compliance teams face increasing pressure to act quickly while avoiding errors.
That’s why Vixio launched its newest product. It compiles all requirements, aggregating and categorizing complex regulatory information from various jurisdictions. In the press release, Vixio CEO Mike Woolfrey explained:
“At Vixio, we’ve always prioritized listening to our customers, and the launch of our Technical Compliance Tool is a direct response to their needs.
We understand the complexity and urgency of staying compliant in a rapidly evolving industry, and this Technical Compliance Tool will help our customers accomplish that simpler and quicker than ever before.”
Solution empowers online casino suppliers to expand into new markets
With a comparative view of over 65 of the most critical technical requirements, the tool initially covers regulations for 26 jurisdictions in:
- Europe
- North America, including Michigan, New Jersey, Pennsylvania and Connecticut
- Latin America
A comparative view of these requirements impacts online casino games‘ development, deployment, and certification across the world’s regulated markets, with source references in their original language and English translations.
James Kilsby, chief analyst at Vixio, commented:
“With our Technical Compliance Tool, we’re providing a solution that empowers our customers to confidently expand into new markets, knowing they have the most up-to-date and comprehensive regulatory intelligence at their fingertips.”
Kilsby continued, “The technical compliance landscape for online casino games has become significantly more complex in recent years as European regulators have imposed stricter requirements on game design at the same time that North and Latin American markets have offered significant new opportunities for suppliers and operators to grow their businesses.
The Vixio Technical Compliance Tool ensures compliance teams can continue to meet these two challenges.”
Vixio works with some of the world’s biggest brands like:
- Land-based operators: MGM Resorts, Caesars Entertainment
- Online operators: Entain, Flutter
- Gambling technology providers: IGT, Novomatic, Playtech
- Payment service providers: Paysafe, PayPal, nuvei
In addition, Vixio works with the New Jersey Division of Gaming Enforcement (NJDGE) and the American Gaming Association.
