The DGOJ participates alongside authorities from six European countries in a meeting focused on the main challenges of the online gambling market, such as prediction markets, advertising, and illegal gambling.
The Directorate General for the Regulation of Gambling (DGOJ), under the Ministry of Social Rights, Consumer Affairs and Agenda 2030, participated this Friday, May 22, in Rome in a working meeting alongside Gambling Regulators from Germany, Austria, France, Italy, Portugal, and the United Kingdom to analyze some of the main regulatory challenges currently facing the gambling sector in Europe.
The meeting, organized by the Italian authorities, gathered international representatives in different technical sessions focused on issues such as the manipulation of sports competitions (Match-fixing), prediction markets, gambling advertising, payment methods, and the fight against the illegal market.
Prediction markets and new regulatory challenges
One of the central topics of the meeting was the analysis of the so-called "prediction markets" or "betting exchanges," digital platforms where users buy and sell shares on the outcome of future events, generating prices that reflect the probability of a certain event occurring.
Unlike traditional betting, in these markets, users trade with each other while the platform acts as an intermediary. These types of systems are currently used to predict election results, sports events, economic indicators, or meteorological phenomena, and they pose new legal and regulatory challenges for national authorities.
During the session dedicated to this matter, European regulators debated how these models fit within different national legal systems and the possible regulatory responses to a expanding phenomenon in the digital environment.
Cooperation against illegal gambling
The meeting also served to advance international cooperation against illegal gambling, one of the main challenges shared by European regulators. In this area, they addressed the implementation of information exchange mechanisms between jurisdictions that was approved in the previous meeting in Madrid, as well as formulas to evaluate the impact of the regulatory measures adopted by each country.
Advertising and user protection
The day also included sessions on the regulation of gambling advertising and the difficulties detected in various European countries to control certain indirect forms of promotion, especially through affiliate sites or odds comparators.
Likewise, they debated the payment systems used in land-based and online gambling, the existing regulatory differences between both channels, and the risk mitigation measures linked to the prevention of fraud, money laundering, and the protection of players.
The DGOJ's participation in this international meeting reinforces its commitment to cooperation between European countries, in a context where, although gambling regulations remain national, many of the challenges of the digital environment have a global scope. The exchange of knowledge, information, and experiences among European authorities allows for progress toward more effective and coordinated regulatory responses and the adoption of more effective measures on a global scale.
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