Bitcoin Gambling in a Discussion Panel at the Central & Eastern European Gaming Conference

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The role of Bitcoin and other cryptocurrencies in the fast-growing online gambling sector will be on the Agenda of the Central & Eastern European Gaming Conference 2017 (CEEGC), where a special panel dedicated to Bitcoin is to be featured. The discussion will take place at the Kempinski Corvinus in Budapest, Hungary, where the conference will be hosted during September 19-20, and it will be moderated by Joseph F. Borg – VP of Maltese blockchain advocates BitMalta

Bitcoin – a Force to Be Reckoned With

According to the official press release, the organizers feel sure that Bitcoin is ever present in our today’s world. Whether you go online searching for something, watch news on your TV, or listen to the radio, a new update on Bitcoin or other cryptocurrency is bound to “pop up”, they feel. For this reason, the conference will be dedicating a separate Innovation Talk panel to “The Cryptocurrency Effect”.

“We are now seeing the emergence of bitcoin casinos, where cryptocurrency is the prominent funding method and one that allows for fluid and instant interchange of funds. This followed on from the integration of bitcoin payment methods at a number of offline casinos last year, as brands continue to appeal to alternative player demographics”, the introduction reads.

Unmistakably, Bitcoin has taken on a major role in the online gambling sector, despite being only created in 2009. According to gambling portal CalvinAyre.com, in 2014 alone an estimated total of $4.5 billion worth of Bitcoin has been wagered in online casinos, with current numbers likely to be even higher. Thus far, the world’s leading cryptocurrency has accounted for a smaller fraction of the billion-dollar industry, but it is expanding fast thanks to its unique benefits.

The CEEGC panel will be hosted by Dr. Joseph F. Borg, who is currently a Senior Advisor at a legal firm specializing in Gaming, WH Partners, and a vice president of BitMalta, an association that wants to raise awareness and support for the use of blockchain and cryptocurrencies. Borg’s previous working experience includes the position of Chief Regulatory Officer at the Malta Lotteries and Gaming Authority (just Malta Gaming Authority now). The speakers are yet to be announced.

South-Eastern Markets in the Focus

The conference will be begin with a discussion titled “The Balkan Gambling Opportunity” which will focus on new emerging gambling markets in the Balkan peninsula like Serbia, Croatia, and Bosnia and Herzegovina. The aim of the talk would be to present a general picture about the current market situations in the area but also highlight the benefits of establishing regulated markets in the said countries.

Another focus area would be the gambling markets in Ukraine, Romania, and the Czech Republic, with a special emphasis on legal challenges and ways to avoid the “mistakes” made while other more “mature” markets were being established.  The regulatory framework of the Czech Republic will be dedicated most of the time, with Ukraine’s prospective regulation following next on the Agenda.

July 26, 2017: • No Comments

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