Gaming Tech Summit Africa 2024 in Nairobi highlighted responsible gambling

Gaming operators, regulators, and industry experts converged in Nairobi for the inaugural Gaming Tech Summit Africa on June 4th and 5th. The summit addressed the rapid rise of Africa's iGaming industry, with a focus on responsible practices and creating a sustainable future.

Key discussions centered on responsible gambling initiatives, navigating the evolving legal landscape, and striking a balance between economic benefits and potential downsides. Attendees also delved into industry trends and the need for robust regulations to protect consumers and ensure fair play.

Rais Busom, Managing Partner of BeingPartners Group, delivered a presentation on the ever-present threat of fraud in iGaming. Busom highlighted the challenge of digital identity theft and emphasized the importance of proactive measures like advanced AI for fraud detection.

"Combating digital identity theft is crucial for a healthy iGaming ecosystem," Busom said. "Collaboration between operators and regulators, along with innovative technologies, can create a stronger defense against fraudulent activities."

The summit underscored the importance of shared experiences and early intervention. Attendees discussed the necessity of stringent KYC protocols during onboarding and ongoing transaction monitoring to stay ahead of fraudsters.

Collaboration between operators and regulators emerged as a key theme. By working together, the industry can establish a secure and transparent environment with high standards of integrity.

The Gaming Tech Summit Africa serves as a valuable platform for knowledge sharing and innovation as Africa's iGaming industry continues to expand. A commitment to responsible practices and technological advancements will be essential for navigating challenges and unlocking sustainable growth.