Over the coming years, the multi-billion-dollar global iGaming industry is likely to experience several major regulatory shake-ups. The aim is to enhance the overall experience for people who join these digital entertainment platforms to place sports bets and play online casino games.
The world’s most notable mid to top-tier iGaming regulatory bodies, gaming commissions and licensing authorities will completely revolutionise the real money gambling sector to eliminate underage gambling and reduce fraudulent activities, such as money laundering and other illegal activities.
Let’s dive straight in and take a closer look at several leaked insights into some upcoming regulatory changes that will make things safer, more personalised, and far more entertaining for online casino players worldwide.
How will only gambling laws change over the coming years?
Around the world, numerous mid to top-tier gambling commissions regulate the online gambling industry in their respective jurisdictions and issue licenses to operators who wish to ply their trade to people in those markets.
However, online gambling laws and regulations vary somewhat from one country to the next, meaning the complex landscape in some regions is often open to interpretation, which causes some companies and players to bend the rules.
The regulatory practices and standards are better in some regions than others, meaning some players are left vulnerable.
For example, in some countries where online gambling is illegal, many players there use VPNs (virtual private internet) tools to gain access to offshore sites controlled by foreign operators.
In most countries where this happens, players aren’t breaking the law by playing on those sites, and the operators who control those sites aren’t breaking any laws because they fall outside of that region’s legal jurisdiction.
We will likely see companies that operate in this way being banned from those markets, with modern technologies such as geo-location tools and other sophisticated technologies blocking players from joining them or closing those sites down entirely until they get the proper licenses to operate there.
Are sweepstakes casinos legal?
Sweepstakes casinos, aka social casinos, like those currently featured here on this web page: https://wetten.com/us/sweepstake-casino/new/ – are a bit of a grey area.
For example, although no gambling takes place on these sites due to their very nature, some authorities classify them as gambling sites and prevent their citizens from playing on them.
Other authorities deem them to be perfectly legal and permit them. In the future, we will likely see authorities/gaming commissions working together to set clear definitions of sites like this to determine their legality.
How else will global iGaming laws change in the future?
If we look at how some of the top-tier gaming commissions regulate their online gambling industries, such as the United Kingdom Gambling Commission, we can see how mature their regulatory practices are and how well players are protected in the UK.
We will likely see other gaming commissions/regulators/licensing authorities modelling their own practices on the UKGCs.
This globally renowned licensing authority and regulator is known for having the highest regulatory standards in the world, imposing stringent background checks, in-depth investigations, and rigorous vetting processes before they issue an operator with a gambling license.
The same can’t be said of bottom-tier (aka rubber stamp) licensing authorities who carry out little or no checks before issuing licenses.
The UKGC licenses many of the world’s safest iGaming sites, so if you find a casino that holds a license here, you know it can be trusted. Other mid to top-tier licensing authorities you can also trust are the following:
- Pennsylvania Gaming Control Board
- Malta Gaming Authority
- Gibraltar Gambling Commissioner
- Michigan Gaming Control Board
- New Jersey Division of Gaming Enforcement
- Alcohol and Gaming Commission of Ontario
That’s not forgetting the Isle of Man Gambling Supervision Commission, Curacao eGaming, Alderney Gambling Control Commission, Kahnawake Gaming Commission, the Belgian Gaming Commission, the Swedish Gambling Authority, and the Danish Gambling Authority, to name a few.
Final thoughts
These reputable authorities will continue to stamp out illegal sites and focus on raising awareness about problem gambling by offering a range of useful safer gambling tools (e.g., deposit limits, session time reminders, spending caps and win/loss limits). They will continue to use artificial intelligence to monitor player activity/behaviour and raise the alarm if needed.
Global iGaming regulators will also leverage AI-powered tools and other upscaling technologies to personalise the experience, ensuring operators offer a more personalised experience with tailored promotional offers and bonuses and more relevant game suggestions.