Explore Opinions from Sumsubers: Suggested Tools and Functionalities for Establishing Player Limitations for Safe and Moderate Gaming Experiences
In an effort to provide clarity on key industry topics, Sumsub has announced the launch of a bi-weekly Q&A series. This series aims to address frequently asked questions about regulatory compliance, verification, and automated solutions.
This week's topic is centered around Responsible Gaming and gaming limits, with Sumsub's Regional Business Development Manager, Lucienne Atkins Jones, leading the discussion.
Sumsub's commitment to responsible gaming is evident in their monitoring of responsible gaming rules. They employ red-flag rules to identify vulnerable players and ensure compliance with responsible gaming requirements. This includes verifying player age, implementing safeguards such as self-exclusion options, deposit limits, and cooling-off periods. Additionally, they work to prevent gambling addiction and fraud by conducting identity verification and fraud prevention in real-time.
In terms of transaction statuses, Sumsub leverages advanced blockchain and identity verification technologies to deliver real-time risk monitoring and transaction monitoring. Their platform assesses the risk profile of transactions, screens wallet addresses for financial crime exposure, and blocks high-risk withdrawals before execution. Automated compliance workflows and custom alert rules simplify transaction monitoring and reduce false positives, providing a unified view of both identity and on-chain risks.
The key aspects that Sumsub monitors include:
- Responsible gaming rules:
- Red-flag rules to detect vulnerable players
- Age verification and government ID checks
- Deposit limits and self-exclusion features
- Cooling-off periods to help prevent problem gambling
- Prevention of gambling-specific fraud (promo abuse, account takeovers)
- Transaction statuses and monitoring:
- Real-time transaction monitoring for suspicious or fraudulent activity
- Screening of wallet addresses and customers for exposure to illicit actors
- Risk scoring and blocking of high-risk transactions before execution
- Automated workflows and alerts to streamline compliance and reduce manual reviews
These measures ensure compliance with regulatory frameworks, promote responsible gaming, and mitigate risks related to fraud, financial crime, and money laundering in player transactions.
Player transactions are assigned a status depending on the check results: Normal, Suspicious, or Gaming Addiction. The results of the checks are sent to the gaming company for review and further decision making.
The Q&A series will be published every other Thursday on The Sumsuber and social media platforms Instagram and LinkedIn. Readers are encouraged to submit their own questions for the series.
Lucienne Atkins Jones, the Regional Business Development Manager at Sumsub, oversees the implementation of these measures. The factors considered in the checks include session time, session duration, session count, deposit amount, deposit frequency, deposit count, bet size, and presence/absence of account limits.
Sumsub's approach to responsible gaming and transaction monitoring sets a high standard for the industry, demonstrating their commitment to promoting a safe and secure gaming environment.
- In the Q&A series, one of the topics to be discussed is the evolution of casino-and-gambling trends, with a focus on responsible gaming culture, involving responsible gaming rules, red-flag rules, age verification, deposit limits, self-exclusion options, cooling-off periods, and the prevention of gambling-related fraud.
- Sumsub's comprehensive approach to casino-culture encompasses casino-and-gambling trends, as they monitor key aspects such as responsible gaming rules, player transaction statuses, and preventive measures against gambling addiction and fraud, thereby ensuring a secure, responsible, and sustainable gaming environment.
