Technology is an essential ally when it comes to protection and security. In recent years, it has shown itself to be quick to update itself, with more and more possibilities being added to the vast paths that technology provides to society, among companies, individuals and players.
Speaking of players, it is possible that bettors at online and physical casinos will encounter many changes in the coming years. This is because artificial intelligence (AI) should offer even faster solutions to the market, providing assistance in the development of games, user protection and responsible gaming tools.
Regulation is still evolving across the world. While some countries use others as a model, not all of them follow the same small print. Technology represents a very interesting regulatory issue in and of itself, but also when implemented in iGaming.
In this special report, we will explain how accelerated technological development will reshape the gambling industry in the coming years!
How is technology used in the gambling industry today?
Technology is increasingly present in the gambling industry in different ways. Online sweepstakes casinos, for example, operate according to a model that allows players to enjoy the no deposit offers at online sweepstakes casinos without directly betting real money. This approach is based on an innovative dual currency technology: Gold Coins to play for fun and Raffle Coins to participate in games that can earn users real prizes.
Some examples of online sweepstakes casinos are:
- WOW Vegas
- McLuck Casino
- Zula Casino
- Luckyland Slots
- Stake
When it comes to the protection of personal data, both in Brazil and in other countries, technology also plays an important role. In this sense, most online casino sites use cutting-edge technology to ensure the protection of their users’ data.
As there is more protection, these brands tend to receive more users. As a result, players gain a better sense of security, while online casinos receive more registrations and allow more bets for players.
What technologies will reshape the gambling industry?
Technology is evolving faster and faster. In recent years, technological advances that would take 50 years are achieved in 5 years. This is due to supercomputing and, now with the use of AI, it is very likely that this evolution will be even faster.
However, if we think exclusively about the gaming industry, what could happen in the coming years? The scenario is positive, although there will probably be challenges and problems to solve!
1. New online and in-person betting formats
A new wave of gaming technology should emerge in the coming years. This is the trend with the arrival of new gadgets, especially bets using augmented reality devices. However, it is worth noting that the new way of betting will take a long time.
Today, companies are trying to create and patent these new technological trends among themselves. In a recent case, a gaming technology engineer sued and won against Caesars Entertainment, which prevented negotiations on new technologies.
2. Application of AI
The application of AI within betting platforms is also expected to grow in the coming years. AI will most likely be present on two fronts: operational and direct. In the operational part, AIs will be able to monitor bets and recognize fraud attempts.
In the direct part, there is the possibility of AI taking over customer service. Thus, artificial intelligence would function as an avatar that would be tasked with providing services to players. This already happens with Alexa in person, but it should extend to platforms.
3. Application in the Metaverse
The Metaverse is a space on the internet that uses augmented reality for a more complete experience compared to the use of desktop computers. If successful, there is a possibility of casinos migrating to these environments, providing a betting experience closer to that of a casino.
Of all the possibilities for remodeling the gambling industry in the coming years, this appears to be the weakest. This is because, according to the website The Information, the metaverse is expected to have a 20% cut in investments, which shows a certain rejection of the idea.
What challenges could hinder new technologies in the gaming industry?
To implement new technologies, it will be necessary to understand and predict their consequences. Above all, it will be necessary to understand how players’ new betting habits will work. Today, the industry is guided by responsible gaming. This will continue, but it may become more complex.
Some of the issues to consider include:
- New regulations
- Guidelines and duties;
- Responsible Gaming Consequences;
- Qualified workforce.
All of these issues must be considered in order to ensure the implementation of new technologies in the sector within the strict parameters of the industry.
When will new gambling technologies emerge?
Most likely, new technologies will be present closer to the end of the decade. With the launch of NPUs in 2024, new processors that focus on AI performance will take a long time to become popular. Therefore, although the solution is even possible, it will be necessary to wait for society to catch up and be ready for these new approaches.
