Monday, July 23, 2018

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crowd of sports spectators seamless 164455698 Give your career a boost with top security certifications: Who they're for, what they cost, and which you need . | Sign up for CSO newsletters . ] Individual states will regulate and define through legislation how sports betting may be implemented.  Anticipating a repeal of PASPA, several states introduced legislation ahead of the Supreme Court’s ruling, while many others are drafting bills. Eilers & Krejcik Gaming projected that if the law was overturned, 32 states will authorize some form of sports betting by 2023, with annual revenue projected at $6 billion. States are trying to figure out the best approach. Some will only permit wagering on location at a designated establishment such as a casino or racetrack. This will likely require an in-person identity proofing event where a hopefully well-trained person will properly identity-proof the sports gambling applicant. More progressive states realize that each of us has a mobile wagering device in our pocket and will permit wagering online through a mobile app or web browser.  Digital onboarding and the SCOTUS decision The SCOTUS decision comes at a time when technology has advanced to the point where digital onboarding of customers is quickly becoming commonplace. Especially so in industries where it is imperative to know the identity of the customer and ensure they meet specific legal requirements.  Banks have quickly embraced identity verification solutions to digitally onboard customers and are realizing reduced costs, paperwork reduction, and higher customer satisfaction as a result. This technology is expected to expand into other areas such as ride sharing, the hospitality industry, online education, social media and likely online sports gambling.

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