In the first part of this segment, we undertook a relatively neutral examination of how cryptocurrencies and blockchain can be used in lotteries and gaming. In this piece, we’ll look more closely at how the technology is being exploited by those involved in illegal lotteries and gambling operations. While illegal betting is a problem that long precedes cryptocurrencies, the borderless, digital, censorship-resistant features of the technology throw up new issues for lottery regulators and licensed industry operators.
Blockchain and cryptocurrencies have received much attention over recent years, and their evolution is a lesson in the application of technology for good and ill. Blockchains have found legitimate utility in supply chain, financial clearing and settlement, and manufacturing while also being used to set up applications offering illicit gambling or trading activities. Cryptocurrencies, the first use case of blockchains, have gained increasing prominence as an asset class, including institutional adoption. In contrast, their unregulated status and use in underground online operations mean they continue to pose issues for law enforcement agencies around the globe.
The stage is set to examine a wide range of possibilities as experts in technology and government IT explore Cloud computing with IGT lottery customers worldwide on December 7th in the next phase of IGT’s Players Project series.
The impacts of the pandemic brought with them a new set of opportunities, risks, and consumer expectations. IGT provides an update on how the company is staying ahead of the challenges and operating responsibly to support customers and contribute to a more equitable and sustainable world.
In the mid-15th century, Philip the Good, Duke of Burgundy, did the lottery industry an unexpected favor when he imposed a hefty fine on the city of Bruges as punishment for a violent revolt by the local craft guilds. The fine was so huge, and the restive population so hostile to higher taxes, that the city authorities needed to innovate to create a new source of revenues. Their landmark decision nearly 600 years ago was to change the European lottery landscape forever…
In defiance of the ongoing COVID-19 pandemic, lotteries recover strongly in H1 2021 after a turbulent 2020.
Tabcorp Lotteries of Australia has been certified to the WLA Responsible Gaming Framework (WLA RGF) since 2012 and attained Level 4 WLA RGF certification in 2017, the highest level of certification attainable. They recently re-certified to WLA RGF Level 4, renewing their commitment to protect their players and to maintain their responsible gaming program on a path of continuous improvement. In this article, Tabcorp Lotteries provide an overview of their responsible gaming program and present their Lotteries Early Intervention Model, considered an industry best practice by the global gaming community.
On May 31, 2021, Lynne Roiter stepped down from her position as President and CEO of Loto-Québec. As a 36-year industry veteran, Lynne helped shape the lottery sector as we know it today. Her career, her achievements, and her dedication to the world lottery community have set a high standard for lottery professionals across the globe.
On the role of Random Number Generators in modern lottery operations.
Lotteries are facing significant challenges in the context of the current pandemic. Workforces have moved from face-to-face meetings in offices to video calls and teleworking while cybersecurity threats continue to rise. Additionally, many lotteries have had to adapt their service offerings to the new regulations put in place to prevent the spread of COVID-19. Moreover, many lotteries that previously enjoyed exclusivity in their respective markets are now challenged with rising competition from various gaming offerings on the Internet. Lottery organizations worldwide have had to adapt to these changes rapidly, and agility is a key component that allows them to continue to strive.
- Addressing the challenges of illicit use of cryptocurrencies in gambling – Spotlight on the Asian ... 11. Jan 2022
- How blockchain and cryptocurrencies are used in illegal gaming 14. Dec 2021
- Blockchain and cryptocurrencies in lotteries and gaming 13. Dec 2021
- Lottery heads into the Cloud 5. Nov 2021