Online Gambling is the process of placing wagers on a gambling site via the Internet. It is legal in several countries and has become a popular way to place bets. In the United States, state governments can regulate or ban online gambling.
Online gambling is illegal in most states, but it is legal in a number of other countries, including Canada and many parts of the European Union. In some nations, online casinos are licensed by the local government.
The World Trade Organization has ruled against the United States in several cases regarding online gambling, claiming that laws against it violate free trade agreements between the country and other nations. The nation of Antigua and Barbuda won these disputes, arguing that its economy relied on online gambling, and that their citizens suffered economic harm from U.S. bans on the practice.
A 2001 case involved an American who ran an online sports betting operation in Antigua. He had taken great care to consult with lawyers and accountants before starting his business.
Despite its legality in many places, online gambling can be dangerous. Studies have found that internet gamblers have poorer mental and physical health than people who do not gamble.
Fraudulent players are a major issue for online gambling sites. It can impact on their revenue, costing them money in chargebacks and wasting time chasing them down.
One of the most important ways to fight fraud is to implement good KYC (Know Your Customer) practice. SEON is an all-in-one solution that can help you keep your KYC procedures in line with regulations, and weed out obvious fraudsters before you start onboarding new players. It also saves you money by analyzing digital footprints, catching affiliate fraud and bonus abuse.