• Fri. Jul 12th, 2024

Managing Risk in Online Gambling


Jul 25, 2023

Online Gambling refers to the act of placing real-money wagers on games of chance and skill via the Internet. The industry is booming with new punters joining every day, but operators must strike a delicate balance between acquiring new customers and managing risk to preserve their profits.

Unlike land-based gambling, most online casinos operate independently of a physical casino and are licensed by a gaming commission or authority. This means that their software and games are regulated to ensure fair play, as well as their customer support operations. This is crucial in an industry where fraud is a major concern.

While some people may view gambling as a harmless pastime, it can become an addictive habit that negatively impacts a person’s health and wellbeing. Those who are concerned they might be struggling with problem gambling can take GamCare’s free online assessment tool, which asks a series of questions about an individual’s gambling behaviour and provides a personalised report on their risk.

Fraud is a massive issue for online gamblers, whether they’re using an offshore site or a reputable one. Adding to this, the majority of major banks don’t accept gambling transactions on credit cards, so some users find themselves having to use different cards for each casino.

SEON offers a range of online gambling fraud prevention solutions, including robust AML/KYC and KYC checks, to help reduce the risk for online casinos and their customers. Our bespoke software and team of fraud analysts can catch everything from affiliate fraud to bonus abuse, so that you can focus on your players and keeping them happy.