The gambling industry is constantly evolving, adapting to new technologies and regulatory requirements.
The year 2024 brought a number of significant changes that significantly affected the gambling market around the world.
Let's take a look at the most important innovations that have determined the vector of development of the industry.
Strengthening social responsibility in Europe
European countries are actively implementing the principles of social responsibility in the field of gambling. The Maltese regulator has developed a Code of Good Practice in the field of environmental protection, social protection and corporate governance. The move is aimed at attracting investment and raising standards in the industry.
The European Committee for Standardization is working to create common rules to minimize harm from gambling. Operators are required to monitor player behavior and identify signs of addiction.
New legislation in Uruguay
A bill on online gambling will be debated in Uruguay. The proposal has sparked controversy due to restrictions on advertising partnerships between teams and bookmakers. The Uruguayan Football Association opposed it, considering it an effective marketing tool.
Licensing reform in Curaçao
Curaçao has launched a new gambling regulations website. Key changes include:
- the creation of a new regulator, the Curaçao Gaming Authority;
- the introduction of B2B and B2C licenses;
- new fee arrangements;
- the requirement to have three employees on the island;
- strengthening anti-money laundering measures.
These innovations are designed to increase the transparency and reliability of the Curaçao jurisdiction.
Advertising restrictions in Argentina and Belgium
Argentina is considering banning gambling advertising to protect teenagers. This could have a significant impact on operators' marketing strategies.
Belgium already has a ban on gambling advertising with some exceptions for the national lottery and sports betting. Betting advertisements are limited in time and quantity.
However, this does not prevent the work of many popular operators, which in general do not need advertising. In the top of popularity are 1win, Mostbet and Parimatch. But especially stands out 1xBet, as it is here is presented the largest number and variety of gambling entertainment.
Get access to all this variety can be after registration in 1xBet through this site, which will take just a minute. After creating an account and funding the account, the player can launch slots, roulette, arcades, live casino and even make sports bets.
Such a wide variety of games, coupled with bonuses and a convenient mobile application made the offer from this operator extremely popular not only in Belgium or Argentina, but also in dozens of other countries around the world. Therefore, the decrease in advertising activity is unlikely to have a significant impact on the inflow of new customers, who often come on recommendations.
The success of the legal market in Germany
Despite the strict restrictions imposed in Germany, 95% of bets are made on legal sites. This has disproved fears of a mass exodus of players to the illegal sector.
Self-regulation in India
India has created a self-regulatory body to oversee the gambling industry. It will include representatives of the iGaming industry, which should ensure a balance between the interests of business and society.
Technological innovations
The year 2024 was marked by the active introduction of new technologies in gambling. Operators are investing in the development of virtual and augmented reality, artificial intelligence to personalize the gaming experience and blockchain solutions to increase transaction transparency.
These seven key developments demonstrate that the gambling industry continues to evolve as it strives to find a balance between innovation, responsible gaming and regulatory requirements. The future of the industry largely depends on how operators and regulators adapt to the new market realities.
