Watching the kick-off of Euro 2024, witnessed a significant jump in betting enthusiasm, with bets on offer skyrocketing approximately 8.5-fold.
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It seems the hype around Euro 2024 is driving a significant surge in gaming activity, according to data from IDnow service provider as reported by Gambling Insider. This jump in players is likely due to increased interest in sports events and betting. However, this rise could potentially create challenges for the unprepared gaming platforms.
With Euro 2024 presenting a massive opportunity for gaming platforms, it's essential for these companies to capitalize on this event without compromising their players or reputation. According to Roger Redfern-Tirkirz, vice president of the gaming department at IDnow, operators must focus on verifying accounts thoroughly and ensuring only legitimate players enter the game, thereby combating fraud.
Let's face it, attempts at fraud will be rampant. For instance, during the last World Cup, a whopping 250,000 British fans opted for illegal bookmakers, a staggering three-fold increase from the previous year.
Euro 2024 will run until July 14, featuring 24 teams. The grand finale will take place in Berlin, at a stadium seating 75,000 spectators. In the meantime, Ukraine's national team has already faced off against Romania, losing unexpectedly 0:3 despite bookmakers' predictions.
To tackle account security and fraud during this peak gaming period, platforms should implement a multi-layered approach. This approach should focus on authentication, behavioral monitoring, and regulatory compliance.
By implementing two-factor authentication (2FA), tokenization, and encryption of payment data, platforms can mitigate unauthorized access and breaches during transactions. Also, real-time fraud detection using AI-driven systems, advanced monitoring of in-game item trading, proactive AML/KYC practices, collaboration with regulators, and education and support for users can help deter financial crime and enhance security.
Balancing security with user experience, platforms can effectively address risks specific to large-scale events like Euro 2024. Now, let's keep our eyes on the tournament and see who will emerge victorious!
- In light of Euro 2024, casino-and-gambling platforms may witness an increase in sports-betting activities.
- With the Euro 2024 tournament approaching, it's crucial for these platforms to carefully allow legitimate spectators, avoiding fraudulent activities.
- During Euro 2024, casino-games providers should consider implementing a multi-layered security approach, focusing on authentication, monitoring, and regulatory compliance.
- To provide a secure gaming environment during Euro 2024, platforms can utilize methods like two-factor authentication (2FA), tokenization, and encryption of payment data.
- By enhancing security measures and collaborating with regulators, casino-and-gambling platforms can ensure a safe and enjoyable gaming experience for all spectators during Euro 2024.
