Betting and gambling fraud

It can happen when someone uses the account of other players or steal account details to gain entry into the gambling sites or use AI to defraud such websites or use other technical tools to fix the matches. 

In addition, some firms claim they can provide information about the winning bet through various methods, and they guarantee to get you to profit through such sports events.

How To Protect Yourself?

• All the offers with a guarantee to win in gambling or a bet are bogus. 

• There has been a significant rise in the number of people who want others to bet on their accounts. Do not act on behalf of others, as all such activities involve the use of illegal funds.

• Beware of the group of people who want to sell a secret about match-fixing. 

• If they were aware, they would have tried to benefit themselves. All claims made by such representatives are supported by professional brochures and testimonials of previous clients. Often they produce fake testimonials of previous winners who claim the support helped them gain every time in the bets. 

• Often they ask the victim to pay an advance subscription fee and give the account details. The client may be asked to pay a subscription fee to get regular access to confidential information. 

• One should always be careful of such people/callers who seek access to bank details and clients' sensitive information through gambling. In case you suspect any such fraud, report it to the authorities. 

• Some such groups use tricks to manipulate markets to gain favourable results. They do this by entering the betting site through several accounts. 

There are risks of loss of information to cybercriminals in various card gaming platforms, as they enter the user's device through viruses/apps to gain access to vital information. 

Online gambling firms face losses due to such incidents, and they are integrating systems to spot certain patterns / peculiar activities to reduce risks. The gaming industry has been trying to reduce the loss of information by improving the verification process and banning credit cards. 

Moreover, they adhere to the KYC policy to improve verifications to provide a safe environment. However, if anyone suspects fraud, they can report it to the commission and raise their concerns.