Preventing Fraud in Online Gambling

Online Gambling

Online Gambling is one of the fastest growing industries and millions of people around the world wager on games every day. However, as is true with any industry, it comes with its own risks and challenges.

For Online Casinos, Poker Rooms and Betting Sites, preventing fraud is a top priority. This is because of the high-risk nature of gambling, and the amount of fraud that can be perpetrated by nefarious individuals.

The proliferation of online casinos in the 2000s led to a dramatic rise in gambling revenue. By the 2010s, there were billions of dollars wagered on gambling sites every single day.

As a result, the federal government began to act against these operators. Specifically, the Unlawful Internet Gaming Enforcement Act (UIGEA) was passed in 2006.

UIGEA made it illegal for any US-based gambling company to accept bets from Americans. This meant that Partypoker and other sites stopped taking bets from their US customers.

In response to this, other states began offering legal online gambling. Nevada, for example, became the first state to offer sports betting.

In addition, many of the largest online casinos have their headquarters in offshore jurisdictions and are subject to strict regulations by these countries. This can mean that you have to go through an arduous process of proving that the casino is cheating you out of your winnings.