Navigating JONUM: Insights from Gambling Lawyer Murielle-Isabelle Cahen on France's Pioneering Online Gambling Regulation
Gambling Lawyer Murielle-Isabelle Cahen sheds light on the potential impact of JONUM regulation in France, offering crucial considerations for international stakeholders
France is considering amendments to the digital bill to regulate online casinos and web3 products, with a focus on distinguishing JONUM (games with monetizable digital objects) from gambling to prevent risks of harm. Additionally, the amendments aim to allow land-based casinos to offer online gambling linked to their operations.
In an exclusive feature for Gambling.Re, Murielle-Isabelle Cahen, a distinguished French lawyer specialized in Digital Law and Communications, provides a unique perspective on France's groundbreaking regulation of "games with monetizable digital objects" (JONUM).
Charting the Impact of JONUM Regulation
According to Mrs. Cahen, online gambling regulation can have a significant impact on the online gambling industry in France and potentially beyond. The introduction of "games with monetisable digital objects" (JONUM) regulation could aim to protect players, prevent fraud or unfair practices, and regulate the use of monetisable digital objects in online gaming. It could also have an impact on how online casino operators operate and comply with the new rules. For detailed information on the proposed amendments and their potential impact.
Considerations for International Stakeholders
Mrs. Cahen outlines crucial implications regarding legislative developments in France concerning online casinos that demand attention from international stakeholders:
a. Regulatory Compliance: Stakeholders should familiarise themselves with the specific regulatory requirements proposed in France's Digital Bill. This may include requirements related to licensing, player protection, prevention of money laundering, data security, etc.
b. Impact on operations: The proposed amendments could have an impact on the operations of online casinos, such as restrictions on the types of games offered, wagering limits, age verification mechanisms, etc. Stakeholders should assess how these changes could affect their operations.
c. International implications: Legislative developments in France could also have repercussions across borders. International stakeholders should consider how these changes might influence regulations in other jurisdictions and whether they need to adjust their business practices accordingly.
d. Collaboration with authorities: International stakeholders may consider collaborating with the French authorities and participating in public consultations to voice their concerns and help shape regulations in a balanced and effective manner. It is important to note that these considerations may vary depending on the specific details of the amendments being considered.
France's Regulatory Influence: Blueprint or Unique Path?
Mrs. Cahen notes that France's approach to regulating games with monetisable digital objects (JONUM) could potentially serve as a good precedent for other national legislators seeking to adapt the law to emerging technologies. Regulators around the world face the challenge of regulating new forms of online gaming and the monetary transactions associated with them. If France succeeds in developing balanced and effective regulation for JONUM, it could inspire other countries to follow a similar model.
Legislators could examine the measures taken by France to protect players, prevent fraud and guarantee the integrity of online gaming. However, each country has different legal, cultural and economic contexts, which means that legislators will have to adapt regulations to suit their own national needs and realities.
It is important to take into account local specificities, international best practice and to consult extensively with relevant stakeholders when developing regulations for emerging technologies such as JONUMs. It should also be noted that regulations and approaches can evolve rapidly in the field of emerging technologies, as regulators seek to adapt to new challenges and opportunities. As a result, it is essential to keep a close eye on legislative developments and international best practice to stay up to date.