Edward Bedrosian, Chief Regulatory & Compliance Officer at Xpoint, explains why Brazil will follow the US by making geolocation checks the cornerstone of compliance for its imminent online gambling marketplace.
Though Brazil takes a federal approach to regulating online gambling, the government and authorities require geolocation services to fulfill key logistical criteria on taxation, IT security, and market integrity. As such, stakeholders are warned that geolocation will be a key compliance discipline.
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The emergence of geolocation checks
Verifying that players are located within authorized jurisdictions is not only a necessity for compliance and ensuring that taxes are assigned to the correct region but also for the integrity of iGaming and Wagering platforms.
With responsible gaming taking center stage in regulatory discussions, geolocation service providers have become indispensable tools for operators.
Being a newer market in a mor..