How Trump’s Presidency Could Shape Global Gambling
Donald Trump took back the oval office this week and we’ve seen instant impacts around the world. But what is Trump’s influence on online gambling? Major developments are expected.
It has been already evident that the new US high office is focusing on deregulation and economic growth, leading to several interesting scenarios for the online gaming community. Both challenges and opportunities lie ahead as new legislation on federal level is expected to be drafted.
Trump Administration Favoring Tech and Crypto
Due to heavy interest in crypto, it is expected that several crypto currencies will be integrated into the US gambling infrastructure. This provides more opportunities for players in terms of faster and safer payments but also gives more flexibility and cost savings for the operators.
However, this may take some time as legislation and regulation towards both digital currencies and online gambling need to be updated heavily. As there are concerns around player protection and anti-money laundering, slower progress is likely.
Deregulation Empowers States and Operators
For being a heavily regulated industry, online gambling will probably benefit from Donald Trump’s pro-business stance. The newly established Department of Government Efficiency (DOGE) lead by Elon Musk is looking to reduce federal regulation and restrictions on businesses, which could help the gaming industry to expand.
From the players perspective this would mean more sportsbooks to choose from and maybe even the liberation of online casinos in several states. Although the states will still have the last say regarding their stand for gambling, federal empowerment could lead to more permissive approach. The more competition between operators, the better deals, odds and return there would be for the players.
America First – What It Means for Gambling?
Protective approach on the American economy could reflect in the gaming sector too. As majority of game providers, payment services and platform developers are based outside of the US, potential impacts are quite severe. If foreign companies are hit with additional costs or bans, it would mean that the US Casinos would have less games to choose from but also the RTPs (return-to-player) would need to be decreased to cover the cost.
In other words, there might a situation where the players can’t play as many games as before and the games that are left would pay back less than before. There might be additional disruptions related to customer service as it is usually outsourced out of the US.
Potential Challenges
Currently there is a lot of uncertainty related to the concrete impacts of Trump’s presidency to the gaming community. Since gambling is a risky business, deregulation cannot be too rapid in order to avoid problems with new techonologies and player protection. Balancing innovation and responsible gaming measures will be key to success.
As mentioned earlier, global trade tensions could rise and also touch the gaming industry. When tariffs, trade blocks and tolls are in play, they can affect online casinos and sportsbook due to global supply chains and partnerships. Overall, the deregulation, rise of crypto currencies and business-friendly policies will contribute towards the growth of online gambling in the United States but also globally.