"Overly regulated jurisdictions serve to make the regulated sector uncompetitive and add friction to the player journey"

Europe’s illegal online gambling market has reached an estimated €12 billion, raising concerns over player protection, regulatory effectiveness and lost tax revenue. In an interview with Yogonet , Euromat President Jason Frost warns that excessive regulation of licensed operators is pushing players toward unregulated platforms , where safeguards such as stake limits, self-exclusion and protection of player funds are often absent. Euromat shared a study last month that puts Europe's illegal online gambling market at €12 billion. What is the most important finding in the research that is not captured by that headline figure?