Ismail Vali, founder and CEO of Yield Sec, will be delivering insights across the spectrum of betting, gaming and lottery marketplace participation and the fight against criminal, black-market operations when he addresses this week’s European Casino Association (ECA) Industry Forum.
The ECA event, taking place in Vienna, Austria, from September 27-30, 2022, is a celebrated forum for sector stakeholders and leaders to meet, debate and discuss key issues affecting the licensed online and land-based gambling industry across Europe.
Ismail will be speaking on the topic of Marketplace Protection: Legal versus Illegal, focusing upon the helplessness all legal stakeholders have felt in relation to the black market. He will discuss how government, regulators, legal operators and suppliers, law enforcement, and even customers, can now be supported and protected by Yield Sec, which seeks to make it unprofitable for illegal operators to remain active in what must become secure, optimized and contained iGaming marketplaces.
Ismail Vali, Founder and CEO of Yield Sec, said: “The sustainability of every regulated gambling marketplace relies upon legal stakeholder abilities to directly challenge crime, whilst optimizing and protecting their own interests and operations.
“I look forward to discussing the ways we have, as communities, been trying to deal with the problem of illegal gambling, to date, and how the Yield Sec platform and our proprietary approaches and techniques will help each legal stakeholder take control back to ensure that betting, gaming, and lottery activity no longer funds crime – it funds our onshore commerce and communities.”
The United Nations estimate that criminal black-market operators generate up to $1.7 trillion per year in illegal sports betting and horse race wagers alone, seriously impacting revenue for legal, licensed operators and the consequent taxation and community support that governments can hope to raise from the sector. The unchecked presence of black-market activity additionally breeds unsafe consumer environments and exponentially increases the risks of gambling-related harm as illegal operators face no regulatory oversight or compliance controls.
The Yield Sec technical intelligence platform helps reduce and restrict illegal operator presence and profitability by denying these criminal entrants the oxygen of marketing to acquire new audiences and reach or reactivate existing customers. Yield Sec identifies all gambling activity in an individual jurisdiction and, through the application of its proprietary tech, processes, AI, machine learning and expert human interaction, delivers actionable benefits and value for each legal stakeholder client.
This helps them optimize and protect their own operations and reality, which, in turn, positively impacts the marketplace ecosystem. Societies will only realise meaningful and sincere responsible gambling where measures are uniformly applied amongst a contained group of compliant licensed operators, and the legal industry is able to grow sustainably whilst supplying predictable taxation and good causes receipts for the government and the community. Each of these goals is only realised through the reduction and removal of criminal black-market gambling activity.
Hermann Pamminger, Secretary General of the European Casino Association (ECA) said: “The European Casino Association is pleased to invite an expert such as Ismail Vali to speak at our Industry Forum and advise upon how we should best identify, approach, and challenge the black-market menace that has plagued our industry and communities for far too long.
“We welcome the opportunity to discuss practical measures to call out illegal activity while reinforcing meaningful, responsible gambling practices adopted consistently by our licensed and regulated members. As an integral part of the international entertainment industry, we must all play by the same rules.”
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