Regulation
Get in the regulatory sandbox
Paul Newson, former New South Wales regulator and newly appointed head of advisory practice at Australian law firm Senet, looks at how sandbox environments can safely test the next generation of gambling regulation
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Regulatory inertia and outmoded legislative frameworks, that cannot comprehend emerging business models, enabled by rapid advancement in technology, often favour incumbency and suppress innovation, to the detriment of challengers, competition, and associated economic and social benefits. These not insignificant regulatory barriers are increasingly inexcusable in the financial service space, however, the tolerance for exaggerated restrictions…
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