The iGaming market in Brazil is constantly evolving and is preparing for the implementation of stricter regulations starting January 1st. As online sports betting platforms seek to adapt to this new scenario, geolocation monitoring has become one of the most essential tools to ensure compliance and security.
Legitimuz, a leader in KYC solutions for iGaming and with the highest conversion rate in the Brazilian market, is the ideal partner for operators who want to comply with legal requirements and prevent fraud efficiently and intelligently using innovative and advanced technology.
Geolocation in iGaming: a necessity for compliance and protection
With new regulations in Brazilian iGaming that restrict locations where players can place bets, geolocation monitoring has become crucial for operators. Legitimuz implements a geolocation monitoring solution that ensures that bets are only placed in authorized regions, as required by Brazilian law.
Additionally, it offers a series of features that protect platforms against fraud and illicit activities, contributing to a safe and transparent gaming environment.
Why is geolocation monitoring essential in iGaming?
Geolocation monitoring in iGaming is not just about knowing where bettors are physically located. It is a crucial resource for:
1. Complying with regulatory standards: the Brazilian government requires that bets be made only within permitted regions, and geolocation monitoring is essential to ensure this.
2. Preventing location fraud: frauds such as the use of VPNs and proxies to manipulate bettors' locations are common in the online betting market. Geolocation monitoring helps prevent this type of irregular activity.
3. Reinforcing user confidence: By ensuring that bets are being made in accordance with the law, operators demonstrate transparency and security to the market and their users, which strengthens the relationship with bettors and increases trust in the platform.
How does Legitimuz use geolocation monitoring to transform compliance into a strategic advantage?
Legitimuz goes beyond legal requirements, providing solutions that not only ensure compliance, but also improve user experience and reduce operational risks.
Its geolocation monitoring technology is integrated with intelligent features to detect and prevent fraud, such as:
1. Real-time monitoring: Legitimuz's solution uses native GPS and other features of the bettor's device to ensure that they are in an area permitted to place bets.
2. VPN and proxy detection: identifies and alerts about the use of these technologies, which can hide the player's real location.
3. Rooting and jailbreak prevention: the technology identifies mobile devices with modifications, such as rooting or jailbreak, immediately notifying the operator and ensuring that only secure devices access the platform.
4. Automatic location rechecks: every 30 minutes, an additional check of the bettor's location is made to ensure that they are still within the permitted area to place bets.
Four immediate advantages of geolocation monitoring for iGaming operators
By adopting Legitimuz’s intelligent geolocation solution, operators can enjoy a number of significant benefits, such as:
1. Full compliance with laws and regulations: by ensuring that bets are only placed in authorized regions, operators avoid fines and sanctions provided for by Brazilian law.
2. Protection against fraud and illicit activities: Legitimuz’s geolocation solution, combined with financial transaction monitoring, helps identify fraudulent activities, such as money laundering and terrorist financing.
3. Improved user experience: by automating and optimizing the location verification process, Legitimuz provides a smoother and frictionless journey for bettors, maintaining high retention and conversion rates.
4. Enhanced security: the system protects both bettors and platforms against misuse of information and scam attempts.
Why is Legitimuz's geolocation monitoring a competitive differentiator?
In a highly competitive and regulated market, geolocation monitoring is not only a must, but also a major competitive differentiator. By adopting Legitimuz's solution, operators not only ensure that they are in compliance with the legislation, but also stand out by offering a safe and transparent experience for bettors.
With a solution that goes beyond simple location detection, Legitimuz monitors and alerts, protecting against sophisticated fraud, ensures regulatory compliance and helps build a relationship of trust with users.
By investing in this technology, operators can transform compliance into a strategic advantage in the competitive Brazilian iGaming market.
Get in touch and find out how Legitimuz can strengthen the security and compliance of your iGaming operation: www.legitimuz.com
See also:
* How to effectively implement KYC solutions in iGaming
* How to combat fraud in iGaming: Strategies and practical solutions
Source: Legitimuz
