Online Gambling is the activity of using a computer or mobile device to place wagers on games of chance, like poker, sports betting and slots. The activity is legal in many states and regulated by various governments.
Most people who play online gamble for fun and don’t take it seriously, but it can lead to problems for those with addictive personalities. Online gambling can also be more difficult to control than offline gambling, as money is spent quickly and it’s easier to hide losses. Additionally, if you play online in a state where gambling is illegal, your winnings can be confiscated by authorities.
While some states have legalized iGaming platforms, there is still a lack of regulation in other areas. This is a problem, as these websites have been shown to create jobs and bring in significant tax revenues. Hopefully, politicians will start taking note of these facts and act accordingly.
Fraud in the iGaming sector is a serious concern, especially as it is often aided by criminals and money launderers who are trying to escape detection. It’s important for online casinos and other iGaming providers to follow best KYC practices, and this is why SEON offers robust and sophisticated software that can catch fraudsters as they try to sign up with fake IDs or make bad bets. We also analyze digital footprints to find the real-world identities behind these sign-up attempts, which allows us to stop fraud in its tracks.