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By: Ashleigh Lauren Johnson

3 min read

The Importance Of Regulation In Sports Betting | Altenar

As Altenar, a sportsbook software provider, holds many regulatory licences and certifications it’s important to understand the value these regulations hold on a growing market space, players, operators and operating countries. 


Many beneficial factors come from being regulated, licenced and certified by adding monetary donations from tax to local hospitals and schools, as well as, creating frameworks for greater risk management systems and bolstering security infrastructures for operators, players and providers.


You can discover more on security infrastructures and frameworks by watching Altenars YouTube Videos: Konrad Pizzuto Interviewed On Altenar’s Agility In Software or Denise Vella Interviewed On Company Security And The Importance Of Holding An ISO Certification.


The above videos shed an informative light on the importance of regulation, not only as a tool to increase safer gaming aspects but also to create and breed cultures of security within a provider's or operator's team. 


Though, what are some of the key benefits of adhering to regulations, licences and more? 


Let’s take a glance …


Different Sports Betting Markets - Different Regulatory Rules


Many markets in iGaming will adhere to new and changing laws around what is acceptable and unacceptable, because of the relative newness of the iGaming market many countries will often take lead from others, for instance, the UK licensing system (such as ISO 27001) has generated a standard for many other countries, operators and providers to strictly adhere to.  


Regulations, licences and certifications ensure data protection and business continuity for many providers and operators in the iGaming world.


Securing Niche Markets

For Altenar, being able to secure niche iGaming markets ensured that not only was their software adaptable to change, but their security infrastructures were as well. Which has set the sportsbook software provider up for great success in famously niche markets like Spain, Sweden and Italy. 


You can discuss entering these markets with a trained and experienced professional by contacting Altenar today. 


For An Operator To Be Looked Upon Favourably

Many providers and operators want to be looked upon favourably by clients and governing bodies. As this often ensures these governing bodies that an operator and provider are taking the necessary steps towards safer gaming, better security measures and more. 


Not only this, but being able to maintain certain licences like the aforementioned ISO, indicates that providers, like Altenar, are strictly adhering to what is required of them, and for this reason, many operators choose Altenar to take them into global markets.


To Be Considered An Asset

Finding success in many markets, when it comes to revenue and gaining regulated status, means that a provider or operator might need to be considered an asset to the country they’re applying to. 


For instance, when Altenar was granted its Ontario licence, a large part of this achievement was attributed, by the governing body, to Altenar's presence in other regulated markets like Europe and others around the world. 


For this reason, choosing a provider with a wealth of regulatory experience and achievement throughout its history is an asset to operators. 


If you’d like to learn more about Altenar and how it can adapt to your needs contact the team of passionate professionals today.

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