"Many people seem to believe that laws related to a live casino in Ireland are designed to stifle innovation in the business. The laws are fixed rules that an online betting platform needs to follow, and that's that. Many people believe these rules are strict. They are, to an extent, but the purpose isn't quite what many people believe it to be."
"It is no secret that online betting can cause issues for problem gamblers, and some less-than-trustworthy platforms can be somewhat predatory. Rules are designed to prohibit this by: Ensuring that gameplay is fair. This means that gameplay is completely random and that the odds on each 'play' are the same as on any other play. This means that the player has an equal chance of winning every time they play the game. Ensuring that any issues are handled properly by the betting platform."
"Prohibiting problem gamblers. This means blocking their access if their betting becomes too much of an issue or highlighting when a player should slow down. Regulating how platforms are advertised. Ensuring that customer funds and information are properly protected. This is what regulation tries to tackle. We are sure that you can agree that these are things that should be regulated to ensure that players are properly protected when playing online games."
"As mentioned, regulation isn't meant to stifle innovation. It is in place to make games fairer for the player. In essence, regulations protect players. While the Irish legislation is still fairly new and might not be doing a brilliant job at the moment, we have no doubt that any issues with the legislation will be ironed out to support creativity in the live casino in"
Ireland is introducing new legislation to tighten the online betting industry while avoiding over-regulation that could stifle creativity. Regulations aim to protect players by ensuring gameplay randomness and equal odds on each play. Platforms must handle issues properly, block or flag problem gamblers, regulate advertising, and protect customer funds and personal information. The rules seek to prevent predatory practices and support fair and transparent operations. Regulation prioritizes player safety and fair markets while allowing room for innovation. The current Irish legislation is fairly new, may have shortcomings, and is expected to be refined to better support creativity in live casino offerings.
Read at Business Matters
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