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Virginia’s gaming scene could face some bigger changes with the proposed building of the Virginia Gaming Commission. The new body has a goal to bring the state’s expanding gambling industry back to order since it has seen explosive growth in recent years.

Such a centralized need for a commission came about following a report in 2022, indicating certain native weaknesses in the current regulatory system. With the proliferation of casinos, sports betting, and online gambling, lawmakers realized it was just the right time to modernize the laws.

The commission is planned to regulate everything from online bets and charity gaming to horse racing. The one to be excluded will be the Virginia Lottery, which will stay an independent agency – virtually every other type of wagering falls under the new commission.

As Virginia brings its gaming industry into line with new innovative technologies, great crypto casinos are growing in popularity thanks to their improved privacy and data protection features. Players can use Bitcoin and other crypto to play gambling games at these sites, which ensures they provide unparalleled security for virtual gamblers in Virginia.

Although unlikely to compete with the convenience of online crypto gambling sites, this move is expected to optimize operations and improve enforcement across the board. It’s definitely a timely change, as the gaming and casino market in Virginia is expected to tap into $21 billion in annual wagers by 2025.

The gaming industry is also in motion with the development of new technologies. On full display is growing interest in platforms offering better privacy and data protection, especially for those involving crypto.

Such developments form part of a greater trend in online gaming and crypto industries. Now, lawmakers are working on ironing out the legislation to create the Virginia Gaming Commission.

The new regulating body is scheduled to start its operations in 2025, marking an important step in the state’s regulation approach towards gambling.

There is a need for a logical governance model in this continuously expanding industry, especially with activity more and more occurring online. This will become even more important from both regulation and fair play perspectives.

The Virginia Gaming Commission has been a proactive creation to adapt to the changing face of gambling in the state, and it’s a move that strikes a balance between growth within the industry and the so-called need for effective regulation in a gaming environment that’s progressively getting more complex.