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Startups in the casino industry must also be mindful of the potential for money laundering and other illicit activities. Casinos are often used as a way to launder money or finance other criminal activities, and startups must implement strong anti-money laundering (AML) measures to prevent this. The use of blockchain technology can offer a more transparent and secure way to track gambling activity and reduce the risk of money laundering. Blockchain technology can also offer a more secure way to manage customer data and prevent identity theft. Startups in the casino industry must also be mindful of the potential for addiction and other negative consequences associated with gambling.

Table of Contents Smart contracts can also reduce the need for intermediaries, such as casinos and bookmakers, which can lower costs and increase transparency. Refrences : check out