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Industry leaders have announced the formation of a new organization, the Social and Promotional Gaming Association (SPGA). It will advocate for consumer protection and responsible practices in the social gaming market, working closely with regulators and policymakers.
Social sweepstakes games operate differently from online casinos, allowing Americans to participate for free with the potential of winning prizes. The SPGA will help policymakers and regulators to understand how products operate within the social gaming sector.
Compliance with the law
The American Gaming Association (AGA) has been calling for investigations to ensure that sweepstakes-based gaming models comply with legal standards. It believes some operators may use sweepstakes models to sidestep state gambling regulations. Some concerns regarding these social games are weak age verification processes and the lack of responsible gaming protocols. Without adequate oversight, the sector could be at risk of illegal activity and cause consumer harm.
The best online casinos in the U.S. are licensed and regulated by gaming boards in each state where iGaming is legal. They must abide by regulations that protect consumers, or they could lose their licenses. Players can play at these casinos with confidence because they know their personal information is protected and they will receive their winnings.
Two key committees
The SPGA has established two committees to support its goals.
The Player Safeguards Committee will help to develop educational resources to promote safe gaming. It will implement technologies such as Know Your Customer (KYC) protocols. It will also address consumer complaints, such as unfair practices. Consumers today want to know if they have access to secure transactions.
The Regulatory Compliance Committee will focus on aligning industry practices with regulatory frameworks. The group will help regulators understand that social sweepstakes games comply with the law and that operators take measures to ensure consumer protection.
SPGA will host a webinar
The SPGA hosted a webinar on October 1st with experts in the industry participating. They explored regulatory landscapes, best practices, and emerging trends in the social and promotional gaming sector.
The organization wants to promote collaboration and knowledge sharing among all its member companies. The idea is to create an environment that prioritizes transparency and responsible practices. One such practice will be educating players about issues such as the importance of budgeting. The SPGA mission is to ensure that the games in this sector are legally operated and promote safe gaming practices.
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