Online Gambling Technologies that Improved the Reputation of the iGaming Industry
Online gambling platforms are products of innovative technologies that went through various phases of developments since their introduction in the early 1990s. At that time, only a few ventured into online gambling because swindlers and hackers were also infiltrating the Internet. Still, because of the concerted efforts of the proponents of the Internet Gambling industry, technological developments to enhance the security, reliability, fairness and propriety of online gambling operations made the industry the multi-billion dollar business that it is today.
In 2021, with nations still not out of the clasps of the COVID-19 contagion, the online gambling market soared to new heights. It was estimated to have reached a value of $57 billion and still rising. The industry, particularly the online gaming sector, was able to provide populations worldwide with something to keep their mind off the bleakness of the situation. Apparently the technologies behind the industry already had control measures that made gambling via the Internet a safe, secure and fair venture.
Moreover, gambling regulators, independent auditors and international gaming laboratories made sure igaming operators used platforms, gaming software and systems that conform to established standards. In fact in 2020, the UK Gambling Commission made it mandatory for UKGC-licensed online casinos and sports betting sites to integrate GamStop’s Responsible Gambling technology/ GamStop’s scheme served as proactive measure in preventing gambling addiction.
Technologies that Helped the Global Online Gambing Market Reach Its Multi-Billion Value
Although often plagued by scammers and different types of cybercriminals looking to exploit the vulnerability of customers who gamble online, many of the scams were perpetuated by illicit or through poorly regulated platforms using outdated online gambling security systems. .
The following are some of the basic technologies behind online gambling platforms that have evolved with state-of-the-art security systems. The measure prevents unauthorized access to gaming accounts.
Encrypted Methods of Communications
The Secure Sockets Layers (SSL) encryption technology developed by Netscape in 1995, has since evolved into having three styles of encryption as vital security protocol when customers gamble online.
Client-Side Encryption – The SSL encrypts data provided by a customer to the online casino or sports betting platform, usually involving information about a customer’s credit card, ewallet account or bank account.
Server-Side Encryption – This encryption technology applies to information occurring on the server side and between the online casino, everytime the latter secures its databases.
Hybrid Encryption – This type of encryption combines the client-side and the server-side used to ensure the safety and security of account data when the registered owner engages in online gambling.
User Verification and Two-Factor Authentication Systems
State-of-the-art online gambling sites just like other financial institutions are now using the two-factor authentication systems in verifying the identity of the person accessing a user account. Known today as One-Time Password or OTP, hackers cannot easily access an account if he does not have access to the OTP sent to the registered owner’s mobile phone.
Bet Winner, a Curacao- registered online gambling website, was able to increase the customer base ofnits betwinner mobile to around 400k, because of its robust seçurity features.
AI that Detects Excessive Gambling Behavior
Artificial Interlligence or AI utilizes a machine-learning system to keep track of the gambling activities and behavior of a customer. Doing so not only prevents gambling addiction but also precludes any possibility of a gambler becoming susceptible to the manipulations of syndicates, scammers and cyber-criminals.