5 Takeaways from EGC 2024: Where Future Tech Meets iGaming

The intersection of technology and iGaming is a dynamic and continually evolving landscape. Recently, at the European Gaming Congress (EGC) 2024 held in Warsaw, this intersection was on full display through engaging panels and discussions that explored how future technologies, especially blockchain and AI, are shaping online gambling. As a panel moderator and participant, I gathered key insights that captured the essence of this year’s conference. Here are my top five takeaways.

1. Blockchain: On-Chain vs. Off-Chain Decisions

One of the most compelling discussions revolved around blockchain innovations in iGaming. While the ideal scenario suggests that iGaming operators can benefit from having everything on-chain—instant deposits, quick payouts, and complete transparency—reality presents a more nuanced approach. During the panel, it was emphasized that operators should strategically choose which aspects of their operations to place on-chain.

Blockchain technology offers remarkable advantages, such as eliminating intermediaries and enhancing security. Yet, businesses need not dive headfirst into a full-chain adoption. Instead, they can incorporate elements like digital currency payments or responsible gambling measures gradually. This flexibility allows operators to tap into diverse markets, such as Gen Z consumers, without overwhelming operational demands from the start.

2. AI and Blockchain Synergy for Compliance

Day two brought a critical dialogue around responsible gambling and Anti-Money Laundering (AML) compliance amidst tightening regulations in the EU, driven by initiatives like the AI Act. Panelists agreed that the integration of AI and blockchain could redefine compliance practices.

AI models require clear data provenance—understanding where data comes from and how it is used will be essential for avoiding significant fines and maintaining regulatory compliance. By embedding blockchain technology into AI frameworks, operators can track data sets with complete transparency while protecting user privacy. This partnership fosters a more sustainable approach to data management, allowing businesses to operate with integrity while potentially monetizing their data.

3. Embracing Diversity: Women in Tech

Breaking the stereotype surrounding gender representation in tech, the EGC 2024 showcased a notable presence of women in leadership roles. This was particularly evident in my panel on responsible gambling, which was entirely female-driven. The gender balance among attendees reflected a growing acknowledgment of the importance of diversity in the tech and iGaming spheres.

Diverse viewpoints foster richer discussions and innovative solutions, making events like EGC vital for promoting inclusion within the industry. As more women join the tech realm, they bring unique perspectives that can lead to creative advancements and ethical practices, facilitating a better environment for everyone involved.

4. Start Your Day Right: The Role of Exercise

Amidst immersive panels and networking sessions, it’s easy to overlook personal well-being. However, the organizers of EGC championed physical health by offering morning yoga classes and group runs. Starting the day with exercise is crucial for enhancing longevity and overall morale, as CoinGeek founder Calvin Ayre eloquently pointed out.

Participating in these activities provided attendees with not only physical benefits but also a chance to engage in meaningful, sober conversations before the day’s events unfolded. This innovative approach to conference organization reflects a growing recognition of holistic well-being among professionals.

5. The Value of Intimacy in Networking

In evaluating the prospects of industry events, a critical takeaway from EGC was the importance of intimacy in networking and learning experiences. Smaller, focused gatherings can facilitate deeper connections among attendees, allowing for more substantial conversations and exchanges of ideas than larger, more impersonal conferences.

EGC succeeded in fostering an environment where participants felt included and empowered to engage. The conference’s design provided a “safe space” for professionals in iGaming and future tech to share ideas and ask pressing questions. This emphasis on intimacy demonstrates a vital aspect of professional growth—building relationships that can lead to collaboration and innovation.

Conclusion: An Exciting Future Ahead

The insights gathered at the EGC 2024 highlight the exciting potential lying at the crossroads of technology and iGaming. With blockchain and AI paving the way towards more secure, inclusive, and innovative practices, the industry stands on the brink of transformation. Events like EGC play a crucial role in shaping this future by fostering connections, sparking conversations, and promoting a diverse, thriving community. As we move forward, it’s essential to embrace the opportunities these technologies present while nurturing the collaborative spirit that makes such gatherings unforgettable.