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10/25/2021

Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game

PYMNTS.com

Big business, online gaming and gambling became even more popular during the pandemic as consumers sought entertainment at home.

Players worldwide signed on in droves, and the online gambling market is predicted to rise from approximately $64 billion in 2020 to more than $72 billion in 2021, a growth rate of 12%. In-game assets for digital gaming platforms are now collectively valued at more than $50 billion. The digital gaming and gambling industry is also besieged by criminal activity, however, with bad actors developing new identity theft and money laundering schemes.

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