Regulation and legislation within the online casino industry are always changing and developing. It has so many variables that can influence a change within it that it will never be finished or set. Some of these can include advancements in technology, meaning that online gamblers are more at risk of having their information stolen and so the level of security needs to be enhanced on accounts online.
Likewise, there could be a change in gambling limits or a change in the KYC process; each of these means that casinos have to constantly be ready to pivot and adapt as soon as possible. However, if you are playing online, always make sure that you’re at a legitimate site, and you can always find a safe online casino on 18Bet.
The rise of crypto casinos
One thing we can certainly expect is for some stricter regulation to be enforced on crypto casinos. These are a new type of online casino that has started to emerge in the mainstream and they have a lot of differences from standard casinos. primarily in the fact that instead of using a fiat currency such as the US Dollar or Great British Pounds, you are instead depositing and playing with cryptocurrencies such as Ethereum and Bitcoin. The major appeal to online players is that the nature of the blockchain that these types of casinos operate on means that every single online casino is held to account and has to be transparent in its dealings.
Ensuring fairness and compliance
There have long been trust issues between online casinos and players, especially if you’re consistently losing or not winning much. However, this has in part alleviated some of these issues and enforced the fact that it is simply unfortunate rather than there being any malicious intent to defraud you from the operator’s side. However, the respective gambling bodies, such as the UK Gambling Commission, will want to ensure that they know exactly how the blockchain platform is supporting these websites and will want to ensure that they can observe the transparency.
How will AI help?
One form of emerging technology that is going to be revolutionary for the industry is artificial intelligence. Techniques for trying to cheat online casinos are becoming more sophisticated than they ever have been before. It’s a digital cat-and-mouse game between these would-be criminals and players. And so the use of AI to detect any suspicious activity and subsequently ban any players caught trying to gain an unfair advantage. In games like poker, where this can affect other players, it is important for the casinos to implement this in order to guarantee a safe and fair gambling experience for their players.
AML measures
Other areas that will be the focus of enhanced and stricter regulations include being responsible with gambling and customer data. As well as anti-money laundering measures. Ensuring that online casinos are vigilant so that they can stamp out any money-laundering that may be occurring through their website. However, the changes to the current regulations have yet to be seen but this is no doubt a development in the pipeline.
In Summary
The future of online casinos as a whole does look very promising. As we continue to see technology advance at an ever-faster pace, we can expect to see some big developments when it comes to the quality, sophistication, and complexity of online games to choose from when playing at an online casino. The immersive experience will continue to become more and more entertaining for online players as the big brands battle it out for an ever-growing market of players in an industry that is more lucrative than it ever has been before.