The gambling branch has, due to its competitive nature, been forced to become one of the most innovative among the technological branches. This is especially true following the introduction of online gambling in the 1990s. Thanks to this innate innovative drive, the branch has consistently been at the forefront of technological advancement, and the branch shows no signs of slowing down yet.
In this article, the various genres of technological advancement within the gambling community will be divided into three sections: player experience, security, and cut-edge technology.
Player experience
The key and motivating factor for the technological developments is naturally the player experience. Without an anticipating audience, the digital finesse wouldn’t serve a purpose.
Virtual opponents and OCR
The gambling market has established itself among other esports through the launch of live card games such as poker and black jack. Using their computers, players can join from anywhere and play virtually against other players with a live dealer, thus bringing an authentic experience to the player’s living room.
The experience is aided by optical character recognition (OCR), which ensures that the dealers’ movements and dealings register among all active players simultaneously and accurately. For more information on live gambling, visit Gamblers guide New Zealand.
Game monetization
Players could also play more comfortably as game monetization increased. This development includes players being able to make in-game purchases of game valuables rather than needing to visit a separate game store, physical or virtual.
Security
One of the largest thresholds, especially for new players, when it comes to online gambling is that of security. This is particularly true as many players gamble on international casinos to access better game assortments and bonus offers.
Two factor verification
A security measure that is growing in popularity is the two-factor verification system, or 2FA. The system ensures that the customer is who they are by verifying their identity twice, which makes it more difficult for hackers and fraudsters to access their accounts.
Artificial intelligence
Artificial intelligence, which could also technically feature under cut-edge technology section, is being used to ensure player safety. AI technologies help pick up on player patters, such as time and money spent, and can send warnings and messages based on that information as it related to addiction risks. There have been discussions regarding the efficiency of this method, as well as its potential ethical issues in dealing with personal information and addiction.
International licensing
The gambling market has also been effective in creating international licensing and control authorities to overlook casinos. There are both national and international licenses that act to control security measures and ensure that players are safe from both external threats and from internal threats like gambling addiction. The most well-known international licenses are the Malta Gaming Authority (MGA) and the Curaçao gaming license.
Cut-edge technology
Apart from ensuring fun and safe customer experiences, gambling operators have also made an effort to be one step ahead when it comes to innovation technologies. By doing so, it has shown customers that the market is living by its own motto as a risk-taker and an opportunist.
Crypto currency gambling
In the past few years, the crypto currency market has exploded as a people’s movement. Whereas most crypto investors tend to hold on to their currencies, the original idea was to create a digital currency that could effectively compete with fiat currencies. The gambling market has been one of the first branches to try to incorporate that aspect.
Today, there is a wide variety of online casinos that offer crypto currency transactions. The casinos that have done so have also received attention for potentially being safer than fiat currency casinos as the Blockchain technology allows for direct, fast, and transparent transactions which leads to perceived risk reduction for fraud.
NFTs and the metaverse
Since the relaunching of the Facebook corporation as Meta, the attention on the digital realm of the metaverse has increased. The metaverse is a digitally shared world, often compared to the imagined universes portrayed in fiction such as Ernest Cline’s “Ready Player One” or the Matrix. In practicality, the metaverse already exists and is simply waiting for more people to spend the majority of their social interactions using avatars on the digital platforms, which offers everything from concerts and games to stores and casinos.
Not surprisingly, there are already several casinos on the platform, most of which are located in the metaverse’s Decentraland. Amongst the virtual casinos, there are further innovations including the world’s first NFT slot machine.
Conclusion
The gambling market continuously showcases a sense of curiosity and courage in trying out and improving on cut-edge technologies. Bridging the gap between digital security and user experience creates a unique window which the gambling market has learnt to use to its advantage.
Source: Plato Data Intelligence: PlatoData.ai
