Online Gambling is an activity where players wager real money on casino games, sports events and other gambling-related activities. The sector is regulated by reputable bodies to ensure that the experience is fair and responsible for all participants. Many online gambling websites also have features that help users avoid becoming addicted to the activity, such as loss-limits and self-exclude facilities.
Gambling online is a rapidly growing industry that can be attributed to a number of factors, including cultural approval, legalization, and convenience. However, it can also be a source of addiction and has significant social implications, which need to be taken into account when considering the introduction of new technologies into the gambling environment.
Fraud is a major challenge for online casinos, with different levels of risk experienced across regions. Whether it’s chargebacks or bonus abuse, fraud can cost operators significant revenue and can lead to reputational damage and lost market share. SEON’s machine learning can protect against this by identifying high-risk activities and allowing compliance teams to save money on full document verification/KYC checks by weeding out obvious fraudsters from the get-go.
Despite some social stigma and controversy, online gambling is an increasingly popular pastime with millions of people participating every day. The most important thing to remember is to play responsibly and only gamble with money that you can afford to lose. If you have a problem, please seek help with GamCare or the charity Victim Support for free and confidential advice.