Online Gambling is any type of gambling conducted via the Internet. This includes virtual poker, casinos and sports betting.
Legal Issues of Online Gambling
Gambling is illegal in the United States, but it is legal in several other countries around the world. It is important to check the laws in your area before you start playing.
Banking Options for Online Gambling
The easiest way to deposit money into an online casino account is via a secure payment service. These services work like Paypal, but they do not share sensitive financial information with the site.
Credit Card Problems for Americans Who Gamble Over the Internet
In 2006, the Unlawful Internet Gambling Enforcement Act (UIGEA) made it a crime for banks and credit card companies to transfer American money to Internet gambling sites. This law slowed the growth of online gambling in the United States.
Fraud in the Online Gambling Industry
The online gambling sector attracts fraud more than other industries, especially as it is so accessible. This means that operators need to implement good KYC practices and risk-based fraud detection software solutions like SEON.
Identity theft is a major issue for online gamblers. These scams involve using your real name and credit card information to fraudulently make deposits or withdrawals.
Phone top-up abuse: If an online casino offers the option of phone top-ups, fraudsters can use this as a way to fund their accounts. They can also use phishing methods to trick users into making a payment over the phone, which is then sent directly to their gaming account.