Mobile Transactions in Online Gambling Skyrocket: So Too Does Cheating and Credit Card Fraud

Written by:
Jagajeet Chiba
Published on:
Feb/12/2019

Mobile transactions in the online gambling space has grown 95% over the last five years, and that trend continues as 2019 is now underway.


WHY BE AN AFFILIATE WHEN YOU CAN GET 100%?  JUST PAY $5 PER PLAYER

While much of the growth has been pushed by the Asian market, mobile online gambling transactions continue to increase worldwide.

The 2019 Gambling Industry Report from Iovation notes that, in 2012, mobile financial transaction saw a 6% increase in comparison to 2011.  However, the growth from 2018 to 2019 shows a huge 70% increase online gambling financial transactions.

Mobile growth represents a nice trend in the online gambling space; credit card fraud and cheating does not.

Iovation has pinpointed where the fraud is most frequent:

“Lone bad actors and serial cheaters aren’t going away, but a new class of organized fraud rings that are working collaboratively across the globe poses a major threat.

“iGaming businesses must evolve their response to such threats. Innovative technologies such as device intelligence, device-based authentication and data analytics have proven essential in helping operators to distinguish threats from the mass of legitimate players.

“In an environment where players expect payouts immediately, risk signals will have to be interpreted even faster with intelligence from disparate data sources integrated into dynamic decisioning rules.”

- Jagajeet Chiba, Gambling911.com

Gambling News

How Do I Bet Sports on My Mobile Device From the US, My State

How Do I Bet Sports on My Mobile Device From the US, My State

You can bet sports and other events from your mobile device and from all 50 U.S. states.  Note that the below information will constantly be updated.

How to Create a Bookie Site

How to Create a Bookie Site

If you are looking to be a bookie then the fastest and easiest way to become one is by utilizing one of the many pay per head sites that offer a fully inclusive service with a website for your players to bet on all the sporting events in the world each day.

DraftKings Opening New Headquarters as it Plans Expansion

DraftKings Opening New Headquarters as it Plans Expansion

One of Boston’s largest tech companies is moving into a new corporate headquarters.

Poll Finds Those in Favor of Betting on Pro Sports, Not College

Poll Finds Those in Favor of Betting on Pro Sports, Not College

Scrambling to fill out a March Madness bracket? Betting lunch money that you can pinpoint the Final Four better than co-workers or family?

Politician Admits to Gambling Relapse

Politician Admits to Gambling Relapse

Karen Carter Peterson, a state senator from New Orleans and chair of the Louisiana Democratic Party, admitted to a gambling problem Friday — minutes after WWL-TV posted a news story reporting that she had violated a ban on entering Louisiana casinos.

Syndicate