In this article, I am going to be talking all about the kinds of fraudulent activities that we see in online casinos that happen every single day. It is possible for you to see all kinds of fraud in online casinos, because it is possible, and the possibility comes from the fact that you transact with real money. In some of the online casinos, you actually have the option of using fake money, but in most of them, you will have to deposit real money to even get started. There are a lot of ways that one can actually get swindled or cheated on the internet. I would also like to talk about the fact that there are so many statistics that are very true when it comes to the kind of fraudulent activities that go on, especially in these online casinos.
- All I can tell you right now about the online casino industry is that it is a very gigantic industry that generates more than $30 billion in revenue, every single year. This number definitely hit a new stride, especially last year in 2020. It keeps increasing every single year, and I feel that the online casino industry boomed in 2020, because of the pandemic. Physical casinos were gravely affected, because of the virus, and most of the casinos across the world had to immediately shut down for a couple of months, when the pandemic was declared.
- Any kind of industry that has this amount of money running through it will obviously be a prime target for any kinds of thieves or even fraudsters. This is exactly what I am going to be discussing about in this guide. I will be talking about certain activities that take place in the gambling market that would actually scare anybody. It would include theft of identity, theft of money and more. That is why it is really hard to catch these individuals, and also, some of them use location blocking software like VPNs.
- A lot of people do something known as bonus abuse. Bonus abuse basically happens with the help of creation of multiple accounts, by the same person where the person takes advantage of the bonus that is offered to you in a legitimate online casino. In most online casinos, you get the option of choosing a welcome bonus. That is why, a lot of people take advantage of it.
- Another thing that happens that is quite illegal is that when a person gives their credit card information to the online casino, they face a lot of issues when it comes to accessing their account, because they realise that they have just been cheated. So many people have realised that they just registered in a fake casino and they have just been robbed.