Budapest – 3 July 2018 – The large impact of blockchain technology on the gambling industry is well felt by operators and suppliers and the demands to include cryptocurrencies in the deposit and withdraw options is also growing daily. The industry is shaping up to add these modern technologies of the 21st century, however, as in all industries, the regulators need to keep up with technology in order to make room for the business to grow.

The 2017 edition of Central and Eastern European Gaming Conference(CEEGC) featured an IMGL MasterClass which was titled “The devil is in the details as regulators apply stricter rules” and focused in the facts that shape the legal frameworks of licensing.

All attending keynote speakers of the IMGL Masterclass agreed that technology is way ahead of the regulatory frameworks and it usually takes about 5 year for the regulator and legislator to catch up with them. Thus, all regulators should attend technology conference to learn about the new methods that are being implemented by operators and suppliers to keep up with the demand.

In 2018, at the 3rd edition of CEEGC, the organizers are adding a so-called follow up of the panel in order to track the latest movements of the industry and highlight some of the key aspects which are often overlooked by regulators. (You can view the agenda here.) The panel will focus on the use constant evolution of DFS and how regulators are overlooking its potential, the use of blockchain in the gambling industry and many more.