Sports betting site fraud: how to anticipate them?

Faced with the rise of online sports betting platforms, the risks of manipulation and scams are multiplying. They not only affect operators and bettors, but also the very integrity of sports competitions. To counter these malicious practices, it is becoming crucial to anticipate the schemes used by fraudsters. What are the types of fraud on sports betting sites? What are the regulations in force? How to fight against? We take stock with you!

Fraudulent sports betting sites: the emancipation of sites

The emancipation of sports betting sites represents a significant phenomenon in the world of online gaming. Over the years, these platforms have evolved from simple betting sites to ecosystems offering a multitude of services.

Among these various offers, you will find in particular:

• One diversity of the bets offered : the spectrum of activities is very broad ranging from soccer to cricket to tennis.

• Of live betting options : Users can bet while the sporting event is in progress. Some betting sites even offer streaming services that allow you to watch matches directly on the platform.
• Of bonuses : to retain users, sites often offer welcome bonuses, free bets, cashback offers or loyalty programs.
• Of mobile applications : most major online betting sites have dedicated mobile applications.
• Of tools And resources: to help users make informed decisions, online betting sites provide detailed statistics, expert analysis, betting tips, and bankroll management tools.

To cope with this growth, betting sites are approaching regulatory authorities. The aim? Guarantee a safe and fair gaming environment and maintain user trust.

Who controls sports betting sites?

THEOrdinance No. 2019-1015 of 2 October 2019 reorganizes and clarifies the regulation of gambling in France. As of January 1, 2020, this ordinance led to the creation of theNational Gaming Authority (ANJ), replacing Arjel.

THENational Gaming Authority (ANJ), a independent administrative authority, is responsible for licensing online gaming and betting operators. Its scope of action extends to:

• A la Française Des Jeux and Pari Mutuel Urbain : any exploitation of a new game must now obtain prior authorization from the ANJ.
• At the casinos :The ANJ is responsible for combating excessive gaming, while other aspects of casino regulation remain under the supervision of the Ministry of the Interior.

This authority makes it possible to strengthen the protection of players and to ensure more effective regulation of gambling in France in order to fight against fraud.

What are the types of fraud on sports betting sites?

Fraud on sports betting sites has become a major concern with the rise of online betting platforms.

Fraudsters are taking advantage of the popularity of sports betting to develop sophisticated schemes. We can categorize fraud into two groups: documentary fraud and non-documentary fraud.

Documentary fraud on sports betting sites

La document fraud on sports betting sites can take place in several ways.
It generally involves the use of forged documents or stolen identities to trick verification systems and access betting services.

To help you see things more clearly, here are some typical documentary fraud scenarios!

Credit card fraud

In some cases, fraudsters use stolen or fraudulently obtained credit cards to make deposits into sports betting accounts.

If the betting establishment does not verify the identity of the user, the fraudster can then bet or withdraw the funds at their convenience.

The creation of multiple accounts

To get around deposit limits or restrictions imposed by betting sites, fraudsters can create multiple accounts.

How do they do it? They use false identity documents and pretend to be a third person. They submit these fake documents during the registration process and this allows them to exceed account limits and manipulate bonus or promotion systems.

Non-documentary fraud on sports betting sites

Fraudulent practices that are not related to forgery or the use of false documents are multiple. We give you some examples to make all this a reality!

Manipulating the results

Individuals may attempt to manipulate the results of sporting events in order to guarantee winnings on bets placed.

This can include actions such as bribing players or even breaking into sports data. The interest for fraudsters is then to receive earnings on the results of falsified bets.

The rigged bets

Malicious individuals can organize rigged bets. They then influence the course of a sporting event to guarantee a very specific result.

The aim? Bring them bigger winnings on their bets.

What are the regulations in force for sports betting sites?

Since January 1, 2020, France has implemented a strict regulation of online sports betting via the National Gaming Authority (ANJ).

To operate legally, sports betting operators must obtain a license issued by the ANJ. This license is obtained under several conditions:

• The sports betting establishment must have its Society in France or in a Member state of the European Union.
• The sports betting site must prove that it respects security measures that protect users.

Good to know:

The security measures that protect users are In number three, namely:

La Protection of minors
La safety of vulnerable players
La fight against fraud and money laundering

Today, in France, more than fifteen operators have been approved by ANJ to offer online sports betting services.

How to fight fraud on sports betting sites?

Fighting fraud on sports betting sites requires a multi-dimensional approach combining strict regulations, collaboration between players and advanced technology.

The role of regulators in the fight against fraud

Regulators, such as the National Gaming Authority (ANJ), play a crucial role in the fight against fraud. They impose strict standards and monitor betting operators.

Raising awareness of the risks of fraud

The establishment of reporting channels for suspicious activities can go a long way in strengthening the security of sports betting sites. Users have the opportunity to report the illicit activities seen on the platforms.

Cooperation between institutions

Exchanging information about fraudsters and emerging fraud techniques is necessary to combat the development of these practices.

The cooperation between the national and international authorities makes it possible to create a safer and more transparent environment for online betting.

A verification of the identity of the players

Operators need to invest in fraud detection systems that are capable ofidentify suspicious behavior in real time.

The use of artificial intelligence And of Machine learning allows you to monitor transactions and identify unusual patterns. It aims to prevent document fraud and account manipulation.

To find out more about artificial intelligence and the fight against fraud, click here: 3 ways AI is used to detect fake documents !

At Finovox, we have created a solution for the detection of false documents, available in two formats:

• La API solution, which allows easy integration of information, ensuring smooth compatibility with your already existing systems.
• La SaaS solution, which allows you to review the documents in detail and get precise explanations of possible changes.

These two solutions are designed to complement each other and offer a quick and effective implementation to combat document fraud.

Want to know more? Finovox: differences between the SaaS solution and the API

Obviously, in addition, reinforced documentary checks are essential to ensure the authenticity of accounts.

So, want to learn more about our solution? Contact our fraud experts!

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