AI and blockchain to solve problem gambling

AI and blockchain to solve problem gambling Can Blockchain and Artificial Intelligence Help Solve Gambling Addiction? Yes, say recent results, but the implementation of these technologies is not without its risks.

Using data from the Guardian and popular gaming websites, this detailed infographic by online pokerAmerica.com explores the positive impact that automated solutions have on gambling addiction nationwide. 61% of those surveyed expressed confidence in the future of automated AI, while only 22% felt that the AI problem was making gambling worse.

Are there some precautions to consider? Sure. Here are all the highlights you need to know about AI, problem gambling and young gamblers.

Facts According to the North American Foundation for Gambling, more than 10 million people in the United States - an astounding 2.6% of the population suffer from gambling addiction. In all the countries that have been observed, gambling problems have caused the U.S.

Those most vulnerable to addiction were between 16 and 24 (1.4%), 34–44 years old (1.1%), 25–34 years old (0.8%), and 45+ (0.3%) older.

Gender-wise, men are more likely to be problem gamblers, with 1.2% saying they suffer from some form of gambling addiction, compared to just 0.1% of women.

What are the Signs of Gambling Addiction?

Signs of problem gambling may include a person lying about their gambling activities, chasing risks, staying awake at night, feeling "drunk" with a win, taking money to stop gambling and being unable to stop.

Like all other addictions, problem gamblers use it to escape the reality of gambling. Over time, the problem can lead to gambling debts, relationship problems, the recapture of assets, and various mental health problems.

A person withdraws and cuts off all social contact because most problem gamblers recognize the stigma that comes with the activity and repent. Unable to stop, they break down further.

How Can AI and Blockchain Help?

By implementing AI-led technology, gambling operators can detect illness patterns before they are caught, which means that younger gambling and better control over addiction among people of all ages. AI technology is developing a trusted safety net for people at risk. Blockchain also plays a key role in transforming and regulating the industry.

According to Kindred Future psychologists, AI can analyze a variety of data sources and enable gambling regulators to identify the early stages of gambling addiction. Blockchain can eliminate much of the “human factor� in the gambling sector by introducing ledgers and contracts that are open to public scrutiny, forcing operators to stay in good control.

What are the potential risks?

One of the potential snags of block chain is that it guarantees anonymity. The lack of identity attached to betters makes it difficult for younger gamblers to join because there is no need for document verification to play.

Currently, there are no legal rules for automated solutions such as AI and block chain, as the technology is still new. Experts hope that with the new regulations around the world, the block chain gambling industry will become transparent to everyone, which will help combat widespread addiction.

One notable example comes from Macau, where innovations in the casino sector are exciting. As many casinos weave AI and facial recognition solutions into their

security measures, Macau is at the forefront of increasing technology for gamers' well-being.

However, a recent Bloomberg report revealed that the darker forces may have worked behind the scenes. Macau casinos may be using technology to classify customers, establish gaming patterns, and "identify the biggest customers."

After identifying the people who are most likely to use those, casinos offer them additional incentives to stay around and play. Macau is particularly focused on the VIP segment, so most of the customers are high-paid people.

In contrast, casinos on the ground have contributed to AI and facial recognition specifically to address gambling addiction and prevent such people from entering the properties.

AI in online casinos AI is not the only leverage to help keep customers away from harm at physical casinos. Technology can be successfully used to track activity online, a recent Guardian research revealed.

Closing Point Based on the results of the newspaper, many British sports books, collectively known as bookies, are abusing AI solutions for playing customers. Additionally, some industry leaders have proven to be less deserving of the title. Another investigation launched by the newspaper revealed that sports books in the United Kingdom were selling e-mails and the names of hundreds of thousands of people