U.S. regulation of online betting is intently focused on individuals and strict technical specifications, but has a much lighter touch with know your customer (KYC) and advertising rules than Europe, leading executives have said.
U.S. regulators are unlikely to adopt measures such as stakes limits, advertising clampdowns or affordability checks that have been mandated in various European markets, said panelists at the CMS Gambling Conference hosted this week by the London-based law firm.
“You don't see the rather heavy-handed, paternalistic approach you see in the UK,” said Jeremy Kleiman of Saiber, a New Jersey-based law firm.
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