The use of high-frequency securities exchange trading algorithms in casino gaming formats has led to global debate over the establishment of adequate regulatory rules to activity. For instance, in the United States, lobbying on behalf of standing ‘bricks and mortar’ gaming sites owned by Native American Indian casino operators, is now promoting limited licensing of such entities evidencing compliance with insurance indemnity rules. Risk associated with the mathematical manipulation of exchange algorithms by computer programmers continues to be a key concern, as regulators work toward a legislative solution.
In Taming the Global Casino: Ethical Markets 4 (2012) Hazel Henderson interviews CEO of 3Sisters Sustainable Management, Benjamin Bingham about the terms to regulatory reform of gaming coinciding with rule changes governing electronic transaction networks used by the global capital markets. Insights from the securities exchange platforms for institutional and over-the-counter (OTC) market trading, suggest that the algorithms of which 60 percent of trades are based, are not entirely risk-free.
The documentary exclusive examines how global casino businesses are influencing universal exchange models, and suggests that operators launching online gambling platforms must establish transparent policy and in practice to mollify critics of the digital gaming marketplace.
Sub-topics in the film include the risks of casino transactions performed via third party electronic gateways, bitcoin conversion, taxation on standard financial transactions, and negative screens. The program reviews the state of the digital casino gaming industry, and is part of the Ethical Markets 4 series.Taming the Global Casino: Ethical Markets 4
- ISBN 978-1-61753-744-8
- Run Time (28 Minutes)
- Copyright 2012
- Closed Captioned (CC)