Sportsbook guide: Licensing and compliance support, by Altenar

Altenar takes its compliance responsibilities very seriously. In a highly-regulated industry such as iGaming, such a commitment to compliance is non-negotiable.

Altenar’s Commitment to Compliance: Ensuring Regulatory Excellence Worldwide

As a global company, Altenar’s compliance team assists clients in navigating a wide range of markets which vary in complexity, while the team adjusts products to meet local regulatory requirements. 

The team has the soft skills needed to succeed in many different regions of the world and our diverse workforce speaks multiple languages, including English, Spanish, Portuguese, Polish, Russian and Greek. The team collaborates with all departments, tackling compliance from various angles.

Their client-focused approach to compliance means the team goes the extra mile to meet the needs of our customers, and responding quickly to requests means around-the-clock availability to nurture relationships.

Problems licensing and compliance support solves

Gambling is one of the most regulated industries in the world, with strict rules in place in most countries to protect vulnerable people from harm, to prevent crime and ensure fairness.

Technical standards must also be met and betting technology is tested to maintain integrity and promote trust from players.

Failing to comply with the regulations can be disastrous for iGaming companies. Non-compliance can lead to penalties of varying consequences, ranging from fines through to the revocation of a licence, while individuals can also face criminal charges.

Avoiding these pitfalls is essential and as regulations are introduced and tightened in many different markets, remaining compliant is more important than ever.

Benefits of licensing and compliance support

Altenar’s proactive approach to licensing has clear benefits for both the company and their clients, with their team of experts having a good understanding of the regulatory requirements of each jurisdiction.

This can significantly reduce the time needed before an operator is ready to go live, which can make a valuable difference in getting ahead of the competition and growing your brand.

Altenar’s team continues to monitor changes to the betting landscape around the world and act quickly when new opportunities arise. Being one of the first companies to register an interest in becoming regulated is important to get ahead further down the line, and this has been witnessed recently in markets such as Peru, Denmark and Ontario.
 

Read the full report here.