He said there are lingering concerns, particularly among some state legislators, that internet gambling could cannibalize revenue and customers from brick-and-mortar casinos ¡ª even though the gambling industry itself has established that has not been the case.
Is it wild? Yes. Is it worrisome? Possibly. But it¡¯s also the future of sports, and there¡¯s likely no going back.
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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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