January 29, 2024
The iGaming industry has undergone significant evolution in the past two decades, influenced by the development of new software and changes in laws and regulations. Dmitry Smirnov, a gaming attorney at EvenBet, shares his expert perspective on the dangers associated with unauthorized use of personal data in the heavily regulated iGaming sector. The potential damages can be substantial, and insufficient attention to (cyber)security can lead to significant risks, including hefty fines, license revocations, and other sanctions.
Dmitry Smirnov emphasizes that operators in the iGaming sector must comply with data privacy laws, such as the General Data Protection Regulation (GDPR), as well as anti-money laundering and fraud prevention legislation. This can create confusion about which requirements take precedence, highlighting the importance of addressing data protection adequately in this industry.
Despite efforts by the European Gaming and Betting Association (EGBA) to create a Code of Conduct that goes beyond GDPR requirements, data protection remains problematic in iGaming. One major conflict arises from the tension between GDPR provisions and regulatory requirements against money laundering. Transparency, crucial for GDPR, clashes with the prohibition of disclosing information related to ongoing investigations imposed by anti-money laundering laws.
Another point of contention lies in the discrepancies between GDPR and other legal areas related to iGaming, especially regarding the collection and storage of player data. The industry has conditioned players to expect personalized treatment, while GDPR promotes data minimization and proportionality.
Despite certain advancements, challenges persist, such as the lack of effective communication between data controllers and processors, as well as difficulties in implementing the EGBA Code of Conduct. The ever-changing nature of the industry and technology requires constant updates to the code, generating uncertainty in its application.
In conclusion, EvenBet Gaming, as a cybersecurity-focused gaming platform provider, underscores the importance of self-regulation and proactive communication with regulators. The company advocates for clarity in legal regulations, such as the Code of Conduct, to adapt to the constantly evolving iGaming sector and its data protection challenges.
For inquiries and more information about secure iGaming solutions, please contact EvenBet Gaming.