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iovation Prepares for U.S. Online Gambling Fraud and Legal Complications With Rush to Onboard Players

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iovation Prepares for U.S. Online Gambling Fraud and Legal Complications With Rush to Onboard PlayersReading Time: 3 minutes

 

With American football season beginning and more states legalizing online gambling, TransUnion company anticipates challenges with bonus abuse, fraud, self-exclusion and underage gambling that it’s seen in Europe for decades

iovation, a TransUnion company, announced it anticipates challenges in the U.S. online gambling market and is responding by launching a new package of solutions through iovation and TransUnion. The product suite focuses around the onboarding of new players and helps U.S. online gambling operators comply with new regulations, combat fraud and improve the player experience. The company is making its prognostication based on its experience in the European market during the past 15 years supporting over 100 operators and platform providers there including eight of the world’s ten largest gambling infrastructure providers.

“The online gambling gold rush today in the U.S. is akin to what we saw nearly two decades ago when iovation first began working with European operators as countries there began to legalize online gambling,” said iovation Co-Founder Greg Pierson. “With states legalizing online gambling and the American fantasy football season kicking off, operators are sprinting to launch apps and websites. They are putting most of their efforts into getting users with less emphasis on preventing gambling issues.”

Specific issues that iovation anticipates around player onboarding and solves for U.S. gambling operators include:

  • Age verification – In all states, the legal online gambling age is 21. Much like anything else where there is an age limit, underage people are going to try and participate.
  • Bonus abuse – Many online gambling companies provide incentives like money or credit for betting to attract new players and grow existing relationships. But often, fraudsters exploit these programs which result in real losses for operators. iovation has seen bonus abuse rise 287 percent from 2015 to 2018.
  • Credit card fraud – Since 2014, iovation found credit card fraud increased in online gambling–predominantly outside the U.S.–by 155 percent with an average annual growth of 39 percent.
  • Managing play by boundaries – With online gambling being legal in one state and then illegal within a neighboring state, operators are going to need to pinpoint a gamblers’ location and limit play if needed.
  • Self-exclusion – When a player admits they have a gambling problem and “self-excludes” from a gambling site, the operator is now accountable for ensuring the player does not resume gambling activities or potentially face penalties. In many instances, a self-excluded gambler tries to set up a new account when they have a change of heart. Or fraudsters set up a new account using a stolen credit card, deposit funds using that card and then self-exclude before the chargeback hits.

iovation has a service provider license in Nevada, with many iovation partners operating in the United States. This includes SBTech which will power online sports betting in iovation’s home state for the Oregon State Lottery’s new sports betting brand, “Scoreboard.”

“SBTech puts player protection and anti-money laundering at the heart of our platform operations for our partners in regulated regions across the U.S., Europe and emerging markets,” said Andrew Cochrane, Chief Development Officer at SBTech. “Thanks to our expanded partnership with iovation, these partners now have access to the industry’s most advanced device recognition technology enabling them to instantly identify and authorize verified players and significantly reduce levels of potential fraud.”

The U.S. gambling solution offerings available through iovation and TransUnion combine iovation’s digital identity solutions that uses device behavior and TransUnion’s identity verification solutions, helping to protect the entire player’s journey.

Account registration

  • Verified prefill to expedite onboarding
  • Added identity verification with a one-time password (OTP) and knowledge-based authentication (KBA)
  • Age verification checks
  • Address validation
  • Email and phone verification
  • Stop bonus abuse
  • Manage player self-exclusion
  • Block non-compliant accounts

Login

  • Manage player self-exclusion
  • Stop account takeover
  • Authenticate players
  • Block noncompliant access
  • Reduce login friction

Deposit

  • Prevent credit card and payment fraud
  • Anti-money laundering

Play

  • Uncover insider threats
  • Stop cheating and abuse
  • Prevent bonus abuse
  • Detect player collusion
  • Manage play by geographic boundaries
  • Authorize large bets

Cash Out

  • Expedite withdrawals
  • Prevent withdrawal fraud
  • Non-repudiation for Monday morning chargebacks
  • Prevent fraudulent self-exclusion
  • Block non-compliant accounts

 

About iovation:
iovation, a TransUnion company, was founded with a simple guiding mission: to make the Internet a safer place for people to conduct business. Since 2004, the company has been delivering against that goal, helping brands protect and engage their customers, and keeping them secure in the complex digital world. Armed with the world’s largest and most precise database of reputation insights and cryptographically secure multifactor authentication methods, iovation safeguards tens of millions of digital transactions each day.

SOURCE iovation


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: iovation Prepares for U.S. Online Gambling Fraud and Legal Complications With Rush to Onboard Players

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Booming Games and SportPesa forge strategic partnership to elevate the African gaming market

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Booming Games is thrilled to announce a significant milestone in its growth journey through a strategic partnership with the leading African operator, SportPesa. This collaboration marks a pivotal step forward in Booming Games’ mission to expand its footprint in the African gaming market.

As a result of this partnership, Booming Games’ high-quality slots are now seamlessly integrated into SportPesa’s platform, enabling players across Africa to access an array of top-performing titles.

Notable games include fan favourites such as ‘Burning Classic’, ‘Gold Gold Gold’, ‘TNT Bonanza’, and ‘Cash Pig’. Additionally, SportPesa’s players will now have access to Booming Games’ diverse portfolio, featuring exciting games like ‘Ronaldinho Spins’, ‘Power of the Vikings’ and ‘Buffalo Hold and Win’.

This collaboration underscores SportPesa’s commitment to growth and innovation, as well as its strategic focus on fostering robust partnerships to achieve new heights in the global gaming industry with partners such as Booming Games.

Solomon Godwin, Head of Africa at Booming Games, expressed his enthusiasm: “We’re delighted to continue our expansion in the African betting markets, and SportPesa’s strong and trusted brand will only enhance these possibilities. Our slot offerings are as wide-ranging as they are high quality, providing exceptional entertainment and sustainability for their customers. We believe we can offer real value to African players.”

Paul Wilson, Senior Product Manager at SportPesa, added: “We are very happy with the new partnership with Booming Games. Offering their immersive, dynamic, and vibrant games to our customers in Kenya, Sportpesa Tanzania, and around the globe on our platform is exciting. Booming Games’ titles will be a great addition to our market-leading casino lobby, and I’m sure our customers will enjoy playing them.”

The post Booming Games and SportPesa forge strategic partnership to elevate the African gaming market appeared first on European Gaming Industry News.

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SlotMatrix turns up the heat with Powderkeg Studios’ Hula Moolah

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SlotMatrix, the world’s largest casino aggregator, is bringing the fire with the launch of Hula Moolahan explosive new slot from Powderkeg Studios.

Set in a tropical paradise where Tiki gods rule and volcanoes erupt, Hula Moolah turns every spin into a molten-hot chance to win. The game’s centrepiece is the Hold & Spin Feature, ignited when the vibrant Tiki Wilds leap into the volcano. 

The wins from the triggering spin become lava that fuels the feature, heating up rewards to new, fiery levels.

Tiki Sacrifices can appear at any time to boost adjacent multipliers and reset the number of spins, creating a chain reaction of escalating rewards. Each sacrifice upgrades nearby Lava Pools, with multipliers rising up to 25x, offering explosive potential with every spin.

The excitement continues with the Free Spin Bonus, where more Tiki Wilds join the reels to increase the odds of triggering Hold & Spin. Landing 3, 4, or 5 Bonus symbols awards up to 12 Free Spins, with retriggers keeping the heat alive. 

Hula Moolah is exclusively distributed via SlotMatrix, and as with all SlotMatrix exclusive titles, is enhanced by EveryMatrix’s proprietary gamification tools, including free spins and leaderboards.

The slot can also be seamlessly integrated with EngageSuitethe all-in-one player loyalty solution.

Stephen Orchard, Head of Commercial Operations, SlotMatrix, said: “Powderkeg Studios outdid themselves with this one. Hula Moolah is pure fire. A high-impact game that blends immersive design with thrilling mechanics that deliver real intensity, making this one of our most explosive titles yet.”

Jesper Gawell, COO & CMO, Supremeland Gaming, added: “We are proud to support Powderkeg Studios in bringing Hula Moolah to life exclusively with SlotMatrix. This partnership lets us focus on bold concepts and premium execution. SlotMatrix provides the right tools to turn great games into hits.” 

The post SlotMatrix turns up the heat with Powderkeg Studios’ Hula Moolah appeared first on European Gaming Industry News.

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Tom Horn Gaming Unveils 3 Ribbon Pots. A Fresh Twist on the Hold & Win Formula

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Tom Horn Gaming invites players to step into a world of emerald fields, leprechauns, and hidden treasures with its latest release, 3 Ribbon Pots. Launching on 11 November, this fast-paced slot delivers a new take on the popular Hold&Win mechanic, adding depth, variety, and smoother gameplay.

Variety and Interaction: Hold&Win with a Twist

In the land of lucky charms and golden rewards, three enchanted pots await, each bound by a ribbon of destiny. As players spin the reels, every red, green, and blue coin that lands on the reels fills its matching pot, triggering the Hold&Win bonus game.

Each coin colour and pot type is tied to one of the three Hold&Win modes: red to jackpots, green to collectors, and blue to multipliers. These three modes can be combined dynamically. They may appear alone as a Green Collector Coin, Red Jackpot Coin or Blue Multiplier Coin, or in combinations: Red Jackpot and Blue Multiplier; Red Jackpot and Green Collector; Red Jackpot and Blue Multiplier; Green Collector and Blue Multiplier. Each combination changes how the bonus game behaves, creating up to seven unique versions of the Hold&Win feature.

Super Hold&Win: The Ultimate Hold&Win Experience

When all three coins land simultaneously, they activate the Super Hold&Win bonus game. Both Hold&Win and its super version begin with three respins on a 3×3 grid where Value Coins, Jackpot Coins, Collector Coins, and Multiplier Coins can appear. All symbols that land, lock in place and reset the respins, building anticipation as players chase multipliers of up to x10 and the Grand Jackpot, awarded when all reels are filled with bonus symbols.

For players who prefer to dive straight into the action, the Bonus Buy options provide instant access to the regular Hold&Win feature for 50x the bet or the Super Hold&Win for 120x the bet.

A High-Performance Slot Designed to Engage

Designed with player experience in mind, 3 Ribbon Pots combines fast spin cycles, frequent feature triggers, flexible spin-stop options, and two acceleration modes: turbo and super turbo, which give players full control over the rhythm and speed of the game. This versatility makes it equally appealing to both casual and high-value players. With its high volatility, a whopping maximum exposure of 15,985.5x, the game delivers the perfect balance of excitement and high win potential to keep players engaged.

“With 3 Ribbon Pots, we wanted to refine the Hold&Win experience to feel smoother, more dynamic, and more rewarding than ever,” said Ondrej Lapides, CEO at Tom Horn Gaming. “The addition of three distinct pots tied to the coin mechanic not only enhances gameplay variety but also delivers a more engaging rhythm of anticipation and reward, keeping players hooked for longer”

3 Ribbon Pots is the latest addition to Tom Horn Gaming’s growing portfolio of slots. With its combination of charm, speed, and high win potential, the game stands as a strong contender in the coin mechanic category, designed to captivate both casual spinners and seasoned slot enthusiasts across multiple markets.

The post Tom Horn Gaming Unveils 3 Ribbon Pots. A Fresh Twist on the Hold & Win Formula appeared first on European Gaming Industry News.

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