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This was the key takeaway from a day-long presentation by Itsik Akiva and Jason ¡°Wolf¡± Rosenberg from American iGaming Solutions as part of the SBC North America Summit in New Jersey.
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Gaming companies allow bettors to install stopgaps within apps that prevent them from playing too long and send messages to those playing for extended periods of time, asking if the person ¡°wants to take a break,¡± FanDuel¡¯s Sneyd says. A big reason- for that is fear of federal government regulation, like that in Europe. In 2020, the United Kingdom acted to prevent players- from using credit cards to fund their gambling. In 2023, Finnish bettors will be prohibited from having any accounts with offshore gaming companies and will have to use the state-owned site, Veikkaus. And a Danish artificial intelligence company, Mindway AI, has developed an algorithm capable of analyzing gamblers¡¯ tendencies and predicting which of them could develop problems. If that kind of tracking sounds concerning, consider that our every like and search are already tracked by algorithms by every kind of company, betting or not.
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Representatives for Penn Interactive, Hard Rock Digital and FanDuel raised similar concerns.
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a betting style where players double their bet after losing a hand