1. Increased legalization: Many jurisdictions are starting to legalize peer-to-peer betting, recognizing that it can be a source of revenue and economic growth.
2. Regulatory frameworks: Governments are expected to develop specific regulatory frameworks to ensure fair play, consumer protection, and responsible gambling.
3. Licensing and auditing requirements: Peer-to-peer betting platforms may face strict licensing requirements to ensure they meet certain standards of security, fairness, and transparency. Regular audits may also be mandated.
4. Know Your Customer (KYC): Platforms may be required to implement strict KYC procedures, including identity verification and age verification, to prevent underage gambling and money laundering.
5. Responsible gambling measures: Regulations may compel peer-to-peer betting platforms to implement responsible gambling measures, such as setting deposit limits, self-exclusion options, and providing access to support services for problem gamblers.
6. Player fund protection: Peer-to-peer betting platforms may be required to establish mechanisms to protect player funds, ensuring segregated accounts and sufficient reserves to honor winnings and withdrawals.
7. Advertising and marketing restrictions: Regulations may restrict the advertising and marketing practices of peer-to-peer betting platforms, particularly to protect vulnerable individuals and target underage audiences.
8. Data protection and privacy: Regulations may require peer-to-peer betting platforms to comply with strict data protection and privacy laws to ensure the security and confidentiality of user information.
9. Anti-money laundering (AML) measures: Regulations are likely to impose AML obligations, including robust transaction monitoring, reporting of suspicious activities, and cooperation with law enforcement agencies.
10. Cross-border considerations: Emerging trends in regulation may focus on addressing the challenges posed by cross-border operations, including jurisdictional conflicts, tax implications, and international cooperation in enforcement efforts.
