(Photo-Getty Images) The U.S. is the largest market in the world for online gaming, but doesn?t have federal regulations to protect consumers.
(LAS VEGAS CBS KXNT) Nevada?s Gaming Policy Advisory Committee heard from security experts on Monday?about ways to keep kids and cheaters?away from?internet gaming sites.? The?industry needs?to put in place ?protection from fraudsters and youngsters,? Gaming Commission Chairman Peter Berhard concluded.
Not that the state?is likely to approve?any internet gaming sites in the near future.? Federal law still prohibits online gambling, and the state?s recently-adopted regulations specify that licenses can be issued only when that ban is lifted.
Governor Brian Sandoval has nonetheless?directed the 11-member?panel to consider all the challenges associated with online gaming,?preparing the?state to act quickly when the day arrives.
The committee spent two hours hearing about technologies to verify identities, ages, and locations?of online players.? The location is?relevant because a legal transaction would require the player to be in a?jurisdiction?where?his participation is?not against?the law.
The?identity?of the device may also be important,?Jim Ryan of BWin Party Digital Entertainment told the committee. ? Ryan noted that?a single?device might be used to conduct fruadulent transactions using the identities of multiple people.
The United States is the world?s largest market for online gaming, Ryan told the committee, yet there are no federal regulations in place to protect the players.
In his closing remarks, Gaming Control Board Chairman Mark Liparelli ?warned that Nevada?s gaming leadership could be jeopardized in the absence of federal?law to?create a legal online gaming framework.?? Liparelli said he foresees a multi-state ?race to the bottom,? in?which other jurisdictions rush to reap the economic benefits of online gaming without sufficient?fruad controls.
With each state calling its own shots, he said, Nevada could find itself at a competitive disadvantage,?as business flocks to?places with lax regulation.
It was the second of four gaming policy meetings? in Las Vegas. The committee will conclude in the late summer with recommendations to the 2013 legislature.
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