Gaming Laboratories International (GLI) has published its GLI-33: Event Wagering Systems standard. The technical standard, said the firm, represents the most highly developed set of technical requirements and practices available for sports wagering systems.
Upon its release, several regulatory bodies and industry experts immediately adopted and/or endorsed the new standard, including the Choctaw Gaming Commission of Choctaw Mississippi, the West Virginia Lottery, Cherokee Tribal Gaming Commission of North Carolina, and Global Market Advisors.
GLI’s director of technical compliance Chad Kornett, who led the company’s standard-development team, explained: “GLI-33 is an essential addition to the GLI Standards Series, channelling the experience of our global sports-wagering team into a framework that regulators can seamlessly incorporate within their operations. Great care was taken to create a standard that supports the most innovative sports wagering applications while also anchoring fundamental regulatory objectives.”
Chair of the Choctaw Gaming Commission of Choctaw, Mississippi Bea Carson said: “The Choctaw Gaming Commission of Choctaw Mississippi and Gaming Laboratories have a long history of working together, and GLI has always been there to provide their expertise when needed. It is because of that trusted industry knowledge and valued relationship that we have chosen to adopt the GLI-33 standard for sports betting. We feel that the GLI Standards have always been robust enough to ensure game integrity while not so restrictive as to limit these new types of gaming technologies.”
West Virginia Lottery Director Alan Larrick said: “The West Virginia Lottery considers the GLI-33 event wagering standard an integral component in the regulatory structure for our sports wagering offering. Our team is very grateful to have access to a technical resource that has been worked on collectively by the industry and it will also serve to protect our patrons, vendors, and licensees.”
GLI said that a requirement for the standard became apparent after it received numerous requests from US state regulators, sports betting operators, sovereign tribal nations, lotteries, and industry suppliers around the world to establish a clear and cohesive technical standard for sports/event wagering systems. The desire was to establish a standard to help regulatory agencies preserve the integrity of legal wagering on sports and other events while doing so in a way that is efficient and supports innovation.
GLI-33, which is part of the GLI Standards Series, was developed by the company’s dedicated sports wagering team, which drew from its nearly 30 years of global sports/event wagering experience throughout markets in Australia, Europe, Africa, Latin America, Canada, and the US by compiling and integrating sports wagering regulatory best practices from around the world.