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Playing by the rules

Den Melnykov Paul Foster
2 speakers
November, 28, 2023
36 min
Overview
Join us in a discussion with Paul Foster, Founder & CEO at Crucial Compliance, as we delve into the world of gambling regulations. From the challenges posed by differing state regulations in the US to the evolving landscape in Curacao, Paul provides valuable insights into the complexities of compliance across the world. Paul also shares successful strategies and real-world examples, offering a nuanced view of the current state and future trends in the global gambling industry.
00:00
Introduction
00:49
Key challenges gambling operators face
01:51
Trends regarding licenses, regulations and compliance efforts
03:52
Investors’ view on the gambling market
04:38
‘Grey market’ and what will happen with it
06:33
Regulatory control over gambling payments
08:27
US regulation and gambling market overview
11:55
Curacao’s compliance changes
14:32
How to evaluate the decision to obtain a local license in a new jurisdiction
17:11
How to handle multiple licenses in different jurisdictions
19:30
How regulations are adapting to technology advancements like blockchain, face recognition, and AI
21:21
Effective strategies for businesses to understand and comply with regulations
24:43
Balancing between regulatory compliance and an enjoyable user experience
26:38
Current state of responsible gaming practices
30:31
The cost of acquisition of a new player across the world
32:08
Using regulation and compliance as a tool for communicating with players: a case from Paul’s practice
Speakers
Den Melnykov
Den Melnykov
Corefy Co-Founder & CBDO
With over a decade of leadership experience, Den is a recognised thought leader in the payment industry.
Paul Foster
Paul Foster
CEO of Crucial Compliance
Paul Foster is a seasoned professional with over 25 years of experience in global corporations. In 2019, he made the shift to full-time entrepreneurship. Paul founded Crucial Compliance, which assists gambling businesses in navigating regulatory challenges. Earlier, Paul served as the CEO of the Gibraltar Betting and Gaming Association for more than 5 years, amassing a wealth of insights into the industry.