The Australian state of New South Wales is preparing to pilot a program that would allow individuals to participate in wagering activities without the use of physical currency. This initiative, known as “digital gambling,” will undergo a trial period of several months to assess its efficacy.
Overseeing this endeavor is an independent body called the Commission on Gaming Reform. This group will be responsible for closely monitoring the progress of the pilot program.
To facilitate the trial, the Commission has engaged with prominent gaming technology providers such as Aristocrat and IGT. They are now inviting other interested parties to express their interest in participating in this experiment.
However, certain guidelines must be adhered to. The Commission is committed to ensuring the safety and integrity of the trial. They will rigorously evaluate the measures implemented by participating companies to mitigate excessive gambling, prevent financial crimes like money laundering, and safeguard user data.
Interested companies have until October 13, 2023, to submit their applications. Following this deadline, the Commission will select the participants for the trial.
The primary objective of this pilot program is to provide the government with valuable insights to inform the development of comprehensive rules and regulations for digital gambling in the future. Their goal is to ensure that any potential statewide implementation of cashless gambling in New South Wales prioritizes safety and responsible gaming practices.
This research aims to determine how technological advancements are influencing gambling habits. For instance, are individuals wagering more frequently? Are they engaging in riskier betting behavior? The investigators are particularly keen on identifying strategies to mitigate potential negative consequences for gamblers, especially over extended durations – a minimum of three months is necessary to gain a comprehensive understanding of the long-term effects.
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