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iGaming Fraud Increased 64% YoY: Sumsub Shares Alarming Data in 2024 iGaming Fraud Report

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Sumsub, a global full-cycle verification platform, released its 2024 iGaming Fraud Report, with updated identity fraud numbers and predictions for the industry. According to findings, the most popular fraud schemes in the iGaming industry are bonus abuse, affiliate fraud, illegitimate chargebacks, money laundering and account takeovers.

Key findings of Sumsub’s 2024 iGaming Fraud Report include:

  • Between 2022 and 2024, fraud in the online gaming sector increased 64% year-over-year on average.
  • By country, Bangladesh leads the fraud charts in Q1 2024 with a whopping 8.5% of all applicants being fraudsters, followed by Indonesia (8%), South Korea (6.6%), Pakistan (6.1%), and Bosnia and Herzegovina (6%).
  • Selfie mismatch is the most frequent type of fraud attack in gaming, representing 73% of all detected fraud in Q1 2024.
  • AI-powered deepfake scams are advancing at unprecedented rates, having grown 10x between 2022 and 2023.
  • Money muling remains the most widespread fraud scheme.

“Due to the growth of sophisticated scams and increase in the overall fraud rates in the iGaming industry, simple KYC checks are no longer a guarantee of players’ genuine personas and platforms’ robust protection. To ensure companies best avoid fraud scenarios and remain safe and compliant, they must deploy user identity verification at the onboarding stage in addition to betting pattern analysis and ongoing transaction monitoring,” Kris Galloway, Head of iGaming Product at Sumsub, said.

According to Statista, in 2024, the revenue of the online gambling market is expected to exceed $100B. By 2029, the number of users is predicted to reach 281.3M globally. Between 2022 and 2023, fraud losses for mobile casinos and betting platforms totaled $1.2B. With regulations becoming stricter, leading to millions in fines paid by iGaming platforms every year and license revocations, it is obvious that businesses that choose to settle for minimal defenses will likely suffer heavy financial and reputational losses.

“A combined approach is the best bet against advanced iGaming fraud. Every step of the user lifecycle must be protected—from initial sign-ups to the withdrawal stage. That involves KYC, behavioral intelligence, device fingerprinting, database checks, and more. Sumsub combines all the necessary checks within its full-cycle verification platform tailored to the needs of gaming platforms and operators, ensuring advanced fraud protection and a smooth player journey,” Andrew Novoselsky, CPO at Sumsub, said.

The post iGaming Fraud Increased 64% YoY: Sumsub Shares Alarming Data in 2024 iGaming Fraud Report appeared first on European Gaming Industry News.

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CT Interactive Shortlisted in Three Categories at the BEGE Awards 2025

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CT Interactive has been shortlisted in three categories at the prestigious BEGE Awards 2025, recognising the company’s dedication to innovation, quality and its significant contributions to the gaming industry.

CT Interactive’s hit game “Lucky Clover 10” has been nominated for Online Game of the Year, while the company has also been shortlisted for Online Provider of the Year. Additionally, its impressive marketing campaign with “King of Clovers” is among the finalists for Marketing Campaign of the Year.

“Being shortlisted in three prestigious categories at the BEGE Awards 2025 is a great honor and a clear reflection of the passion, creativity, and innovation that drive our team. Lucky Clover 10 demonstrates our commitment to delivering exceptional game content, while the nomination for Online Provider of the Year underscores our ongoing dedication to providing top-tier gaming solutions. Recognition of our King of Clovers campaign highlights the impact and effectiveness of our marketing strategy. We are proud of these achievements and remain committed to elevating industry standards and delivering outstanding value to our partners and players,” said Martin Ivanov, Chief Operating Officer at CT Interactive.

These nominations reinforce CT Interactive’s innovative spirit and strong presence in the global gaming market, inspiring the team to continue creating high-quality products and impactful campaigns.

The post CT Interactive Shortlisted in Three Categories at the BEGE Awards 2025 appeared first on European Gaming Industry News.

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EGT is among the main contenders for the prize in several categories at the BEGE Awards 2025

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EGT is thrilled to announce that this year it is among the finalists in 4 categories of the prestigious BEGE Awards competition, which is held annually in Sofia, Bulgaria, as part of BEGE Expo.

The company’s CEO Vladimir Dokov has been shortlisted again in the Visionary of the Year category, after being given this prize in the previous two editions of the event. He earned the nomination thanks to his strategic vision, which has positioned the company as one of the top manufacturers and suppliers of gaming equipment globally with a presence in more than 100 markets.

EGT’s slot cabinet G 50 C ST will compete for the award in the Slot Machine of the Year category. It is one of the most successful models from the General Series, which has had numerous highly successful installations in various markets around the world over the past year.

Bell Link is among the nominees for the Jackpot System of the Year accolade. With 4 exciting levels, numerous attractive bonus functionalities, and the captivating Bell Link 1 and Bell Link 2 multigames, containing some of the company’s most popular titles, this product has established itself as an absolute bestseller in EGT’s portfolio. Bell Link cemented its position as players’ favorite even further, after its first large-scale WAP installations were carried out with enormous success.

EGT’s Spider CMS will be а contender for the prize in the Casino Management System of the Year category. Continuously developing and improving, the system currently includes 15 modules that help casino managers easily and effectively to organize the daily activities in gaming venues across a number of markets around the world.

The BEGE Awards 2025 ceremony will take place on November 26 and will once again honor companies and individuals for their outstanding contribution to the gaming and entertainment industry during the past 12 months.

The post EGT is among the main contenders for the prize in several categories at the BEGE Awards 2025 appeared first on European Gaming Industry News.

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ELA Games Continues to Shine With Two Major Nominations at iGA Awards 2026

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The studio has secured two key award nominations

ELA Games is proud to announce that it has been shortlisted for two major categories at the upcoming iGA Awards 2026: Games Studio of the Year & Unique Gaming Company of the Year.

These nominations recognise the studio’s ambition to balance creativity and technical innovation, becoming a leader in the industry that has reshaped modern gaming with its products that provide unforgettable gaming experiences and value for partners.

A Year of Growth and Momentum

2025 was a landmark year for ELA Games as it expanded its portfolio to include standout games that have performed exceptionally well. Piñatas Festival and Buffalo Force are two products that have exceeded expectations, providing operators with impressive growth metrics and players with next-level entertainment.

The studio has expanded its global presence through strategic market entries, including new operations in Sweden, Denmark, Serbia, Greece, and more. This growth has introduced ELA Games’ innovative mechanics, such as the Winpot series or the instant-shooter title Shoot Happens, visually rich design, and engaging gameplay to new audiences.

Increased Industry Recognition

For ELA Games, this industry recognition represents more than accolades — it demonstrates that the studio has made meaningful contributions and has had a significant impact to stand out in an increasingly competitive industry.

Marharyta Yerina, ELA Games’ Managing Director, commented on the nomination, “Our core philosophy is that great games come from teams that are passionate, uncompromisingly creative, and ambitious. Being nominated for the ‘Games Studio of the Year’ and ‘Unique Gaming Company of the Year’ awards reflects our team’s culture and commitment to delivering amazing experiences that are alive and full of character. Being recognised by the iGA Awards is an honour, and the team and I look forward to seeing everyone at the ceremony.”

The post ELA Games Continues to Shine With Two Major Nominations at iGA Awards 2026 appeared first on European Gaming Industry News.

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