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Daily Asia Gaming eBrief: Illegal betting in India threat to national security

Good Morning. Not only illegal but a threat to national security. That’s what the authors of a recent whitepaper say about illegal gambling in India, concerned not only about the outflow of billions of dollars to offshore accounts, but the vulnerability of users of betting apps, who are signing up for more than they bargained for. Meanwhile, in junket news, the Dowinn Group has postponed reopening its operations in the Philippines, prompting further concern from the industry over its viability.

What you need to know


On the radar


AGB Intelligence

INDIA

Illegal gambling linked to national security threats

A new whitepaper has shone fresh light on the links between illegal gambling in India and national security risks. In particular, certain betting apps were found to be stealing and transmitting real-time data of users to outside India. In addition, the $100 billion illegal gaming market in the country is being facilitated through cryptocurrency and offshore entities, with groups siphoning off billions through complex financial networks.


Corporate Spotlight

Know Your Enemy: An Interactive Guide to Online Gaming Fraud

Sumsub, Online Gaming Fraud, verification platform

Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021. While players are undoubtedly affected by gaming fraud, iGaming platforms also suffer due to damaged reputations, huge financial losses, and legal consequences.

How 1xBet dominates the Asian market: conditions and approach

1xBet, Asian Market

1xBet operates in several dozen countries in Asia, and the number of partners in this region is growing steadily, which indicates the effectiveness of the 1xPartners affiliate program. The brand offers favorable conditions and a modern set of tools for making money on the Internet.


Industry Updates


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AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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