Anti-Fraud Solutions to Help The iGaming Industry

Hello!

As the iGaming industry continues to expand, technological advancements and a growing number of players and operators have unfortunately been accompanied by a sharp rise in fraud attacks.

One tech company that has consistently highlighted this challenge and invested significant resources in developing effective solutions is Veli.Services.

The co-founder of this B2B2C tech company, Gia Janashvili, has repeatedly shared practical strategies to help iGaming operators detect and prevent fraud. In this article, we explore the most common types of fraud in the industry today and examine proven methods for identifying and stopping them.

Types of Fraudulent Attacks

Given the online nature of iGaming—encompassing casinos and betting platforms—fraudsters actively seek to exploit system vulnerabilities, abuse promotional offers, and manipulate games for unfair advantage.

While many forms of fraud exist, four types are most frequently detected:

• Abusing bonuses;
• Creating multiple accounts;
• Synthetic IDs;
• Self-exclusion fraud.

Abusing Bonuses

Fraudsters often target referral programs, where operators reward players for inviting new users. By creating numerous accounts, attackers repeatedly claim bonuses without genuine engagement, draining promotional budgets and distorting player metrics.

Creating Multiple Accounts

This tactic is closely linked to bonus abuse. Even without referral incentives, most operators offer sign-up bonuses that fraudsters exploit by registering multiple accounts. These welcome offers are frequently overused, allowing criminals to accumulate winnings through repeated exploitation.

Synthetic IDs

Attackers continuously develop new techniques to bypass security protocols, including KYC checks. One increasingly common method involves altering genuine identification documents with fabricated details—known as Synthetic IDs. This approach has posed a significant challenge in the US in recent years.

Self-Exclusion Fraud

Responsible operators implement robust self-exclusion tools to protect vulnerable players. However, fraudsters have turned these safeguards against the platforms. They create an account, activate self-exclusion for a set period, then open a second account to place large bets. After losing substantial sums, they threaten legal action, claiming the operator failed to enforce responsible gambling measures.

Anti-Fraud Strategies

Gia Janashvili and Veli.Services actively promote a range of anti-fraud strategies to help operators strengthen their defenses. Below are the key approaches every iGaming business should prioritize.

Know Your Enemy

Effective protection begins with understanding the specific fraud risks your platform faces. Identify weak points in your systems and assess which types of attacks are most likely to target your operations. By mapping potential threats, operators can prioritize resources and implement targeted prevention measures.

Stay Up to Date

Fraud tactics evolve rapidly. Continuous monitoring of industry trends and emerging threats allows operators to anticipate new attack vectors and reinforce security before vulnerabilities are exploited.

Invest in Tech

Modern analytical tools powered by artificial intelligence and machine learning can monitor transactions in real time and flag suspicious behavior instantly. Veli.Services provides specialized anti-fraud technology that helps operators detect threats without manual oversight.

Veli.Services & Anti-Fraud Solutions

Gia Janashvili’s Veli.Services delivers advanced solutions that identify fraudulent transactions, minimize financial losses, and highlight the most valuable players. The platform operates autonomously, detecting suspicious activity within seconds.

By integrating this technology, sports betting and online casino operators can focus on enhancing user experience and platform features while AI-driven systems handle fraud detection. This proactive approach significantly increases the identification and prevention of fraudulent activity before substantial damage occurs.

Thank you!
Join us on social networks!
See you!