G2E: Regulatory systems struggling to keep pace with changing markets

The regulated gaming industry has spent years making the case that its competitive advantage is regulation itself. Licensed operators submit to extensive investigations, meet responsible gaming requirements and operate under rules designed to protect consumers. Those obligations are real, expensive and increasingly central to the industry’s argument against offshore gaming, sweepstakes and, most recently, prediction markets. But Joe Maloney, president and CEO of the Sports Betting Alliance, put an uncomfortable limitation on that argument in one sentence: “There’s only consumer protection if the consumer is choosing a regulated market.” North American gaming is no longer competing only operator against operator.

Source: CDC Gaming Reports