DETROIT – Every online casino requires identity verification as a necessary step for new players who want to gamble on its platform. This verification process has been made easy over the years due to advancements in mobile technology.
New forms of ID verification have been developed over the years by software providers in an attempt to make online gambling safer for casinos and gamblers. On a reputable online gambling site like stakers.com, different online casino platforms are ranked based on
their ability to effectively render services to their customers without endangering the user data of their customers amongst other important issues.
All gamblers are required to authenticate their identity before they can gain access to gambling platforms. Given the susceptibility of online casinos to fraud, identity theft, and cyber-attack; logically, the regulators and customers have shared the need to
enforce some rules and regulations, and the necessity of identity verification. It’s noteworthy to mention that in the early stages, this verification process was a bit of a drag for some people even though it provided a layer of protection for the casinos as
much as the vulnerable gamblers against online fraud. However, with new technologies available on the market, it’s a lot faster and easier to get a player’s identity verified.
Age Verification
The digital age has exposed the younger generations to many things that aren’t age-appropriate and many teenagers below 18 are on a freedom quest, making them liable to breaking rules. Regulators understand this reality, and they have promptly mandated the implementation of know your customer (KYC) authentication, which in simple terms helps to ascertain the age of every user on the gambling platforms. This is done to prevent underage gambling and other gambling-related hazards. ID
verification features of online casinos have relatively solved the problem of underage gambling.
Prevention of Problem Gambling
Many countries have experienced the woes of bad gambling habits of most of their citizens, which is why authorities of such countries have made efforts to regulate gambling activities by making use of AI-driven age verification and enforcing strict rules and regulations. If any casino is negligent in enforcing rules and regulations, the authorities will make sure that they are penalized by handing out huge fines. The
ID verification effectively keeps tabs on the online activities of problem gamblers and people who are mostly at risk of developing a gambling problem. In some countries, regulatory bodies have made it the social responsibility of casino platforms to cut off
the access of these groups of gamblers when the need arises.
Fighting Against Money Laundering
Money laundering is a major issue that has proven difficult to handle over the years for gambling authorities. Historically, casinos have been linked to criminal activities and as such developed a bad reputation in the public. It’s known that the Mob and
other criminal entities use casinos as fronts or outlets to legitimize their ill-gotten wealth. This makes ID verification very crucial for the safety of the community. The well-documented history of affiliation with criminal enterprise and terror groups have
necessitated the outright ban of gambling activity in many countries. However, the emergence of ID verification has provided a more sophisticated method of combating the bane of the gambling business, hence easing the worry of the public.
Prevention Of Fraud By Multiple Accounts
Online casinos have been able to withstand the onslaught of malicious accounts by implementing KYC authentication. Under the disguise of bonus hunting, some dishonest gamblers often try to exploit online casinos by opening multiple accounts to claim bonuses and various offers, then they cash out after a few wins and move on to the next platform. The effectiveness of KYC measures guarantees this kind of stunt and other crooked routes that gamblers may take to defraud casinos are futile
attempts.
This article is paid content from Stakers.Com
