I was part of a staking pool on an iGaming token that tied directly into betting revenue. It looked like a smart model — until new rules rolled out in the UK, and the platform had to shut off services there practically overnight. Half the active users disappeared, and so did most of the volume. Since then, I’ve been way more focused on whether a platform actually thinks ahead when it comes to regulation. I found https://coinranking.com/blog/regulation-impact-igaming-valuation/ super useful in breaking this down. It talks about how regulation isn’t just about avoiding trouble — it can actually boost a project’s valuation because people trust it more. That clicked for me. Like, unlicensed platforms might grow fast, but they’re fragile. Once regulators show up, everything changes. Now I look for signs like published licenses, clear terms of service, and whether they’ve already launched in markets with tight rules — if they’re surviving there, that’s a good sign. I used to think compliance was a boring detail, but now I treat it like a layer of insurance. No point holding a token that can disappear with one legal notice.