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KYC �� ��Know Your Customer�� �� has become sort of a catch-all phrase covering all facets of interaction with consumers. For online gaming, those facets include deposits and withdrawals, loyalty programs, and protections against fraud. In the online gaming world, fraud is the biggest worry for any company because the customer �� now outside the brick-and-mortar location �� starts as an anonymous person, and not everyone is as pure as the fallen snow.
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Despite taking a firm stance against online casinos, The Granite State legalized sports betting in 2019. When he signed HB 840, Governor Chris Sununu released 15 retail and ten online sportsbook licenses.
We are about to find out. More than half of U.S. states now allow some form of online sports betting (some only allow in-person options), and others appear likely to follow in the next few years. The normalization of a practice that was considered taboo less than a decade ago �� combined with addiction risks that are unique to gambling on sports �� may have created a combustible climate.
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