Altenar, an IBIA member and sports betting software provider, is exploring how data and gambler protection will increase over time, with insights from Altenar’s Marina Zacharopoulou, the provider’s Technical Compliance Manager. With a career and background in artificial intelligence, law, and applying global best practices to the sports betting industry, her insights on this topic are a must-read.
Marina mused, “Gambler protection. A common phrase we hear in the industry is that ‘EU gambling regulation has not succeeded.’ I would not say that. Instead, I would say that most probably we just have much more work to do.”
Continuing, she said, “The European Gaming and Betting Association (EGBA) has made many steps towards creating a compliance framework that should be respected and followed in order to protect individuals who bet. Overall, the framework consists of five activities: data mapping, the lawful basis, the risk assessment, the documentation, and continuous review and assessment.”
Marina explained, “Everything leads to the realization of the concept of responsible gambling. We need to respect responsible gambling standards, legal acts, directives, and at the same time, we need informed gamblers and bettors who will decide in the end whether they will gamble or not in an always-secured environment where they do not feel threatened by potential data leaks.”
What Is Vital To The Success Of iGaming Regulation?
Marina added, “I would call this interference an organized circle of interaction between authorities, operators, suppliers, and bettors. Their interaction is not only crucial, it is vital for a secured gambling framework. Let us not forget that in the field of gambling everything is about data — large-scale processing of data. We are dealing with a huge amount of regulatory data that shapes the whole industry, and we need strategies to protect all the involved parties.”
So, how does Altenar aim to incorporate and spearhead in this space?
Marina adds, “This is why Altenar is aiming at creating a human-centered and ethical approach in the industry. Having humans at the center of the industry, we commit ourselves to creating an ethical and protective environment for our clients and our people.”
You can discover more about Altenar and how the sportsbook provider can benefit your online business by contacting the team today.
