Regulation & Compliance Terms
A process gambling platforms use to verify the identity of their users
What is KYC (Know your Customer)
Compliance Grade Geolocation Product that uses Triangulation between GPS, IP address, Wifi networks, and Cellular
What is "GeoComply Core"
The cost incurred to acquire a new customer.
What is a PAC (Player Acquisition Cost)
The act of giving players extra money or rewards to incentivize gameplay.
What is Bonusing:
A U.S. federal law aimed primarily at combating organized crime by targeting illegal betting operations (1961)
What is The Wire Act: The Wire Act, formally known as the Federal Wire Act of 1961
Policies and procedures are designed to prevent money laundering activities
What is AML? (Anti Money Laundering)
Custom “geofencing” solution, allowing our land-based customers to set up detection for customers at a land based casino, allowing users to place bets within a land based facility on their mobile phones.
What is PinPoint
The total amount wagered minus the winnings returned to players.
What is the GGR (Gross Gaming Revenue)
A charge that is returned to a payment card after a customer successfully disputes an item on their account transactions report
What is a "Chargeback"
A U.S. federal law that prohibits banks, credit card companies, and other financial institutions from processing transactions related to online gambling activities that are unlawful under federal or state laws (2006)
What is the UIGEA: The Unlawful Internet Gambling Enforcement Act (UIGEA)
The percentage of all the wagered money that a slot machine or game will pay back to players over time.
What is RTP (Return to Player)
Our KYC and AML Solution, it verifies a customer’s identity in seconds, through a waterfall verification process, checking things such as ID, Phone Number verification, or ID + Selfie verification.
What is ID Comply?
The total amount of money wagered over a specific time period.
What is a "Handle"
A service that encrypts your internet traffic and protects your online identity.
What is a VPN?
a U.S. federal law enacted in 1992 aimed at prohibiting state-sponsored sports betting, making it illegal for most states to "sponsor, operate, advertise, promote, license, or authorize by law or compact" any form of sports betting.
What is PASPA: The Professional and Amateur Sports Protection Act (PASPA)
Policies to promote healthy gambling behaviours and limit problem gambling.
What is responsible Gaming?
Helps our customers fight illegitimate chargeback requests by managing disputes, automating evidence reports, and leveraging location and device insights to prove that the chargeback is illegitimate.
What is GCI?
The amount of money the casino holds relative to the amount wagered.
What is a Hold Percentage
A third-party entity that promotes a casino or sportsbook in exchange for a share of revenue or a fixed payment.
What is an "Affiliate"
What law was struck down in Murphy v NCAA, on the grounds that it was unconstitutional?
PASPA
Organizations that provide licenses to operators to conduct gambling activities.
What is a Licencing Authority
A platform that centralizes and streamlines the compliance and licensing process for Gaming Operators.
What is OneComply?
A measure of a gaming company's operational profitability
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
An individual or organization that accepts bets on the outcome of events.
What is a "Book Keeper" or "Bookie"
This day of the week had long-term ramifications for online poker in the U.S., including a decrease in player pools and the introduction of stricter regulations.
What is "Black Friday" April 15 2011