AI, fraud, KYC and prediction markets, with gaming attorney Evan Davis

Identity checks, chargebacks and AI are now core compliance issues for operators. Gaming attorney Evan Davis, who leads the gaming and sports practice at a Philadelphia-area law firm, explains them to Low Rollers host Eric Raskin. Raskin opens with IG Group's $1.3 billion Underdog deal and Peter Jackson stepping down as Flutter CEO.

In this episode

• Davis says regulated markets see more people using someone else's account than outright stolen identities, such as a parent's account with every login coming from a college campus (7:01, 7:23).

• He says verification also protects operators from alleged fraud: after a chargeback dispute, it helps to show the last four of a Social Security number and a live ID scan (12:11, 12:40).

• He warns that regulations that go too far into the weeds create user friction, and says the industry should improve "without just killing the industry" (10:20, 11:39).

• On AI, he sees a problem side, such as a deepfake video passing the live selfie check, and a solution side, with data-driven tools to reduce fraudulent payments (16:09, 16:25).

• On Pennsylvania, he distinguishes the machines the state ultimately outlawed from true skill games, where people play head-to-head for real money (23:00, 23:16).

• On prediction markets, his main surprise is the lack of success moving state court cases to federal court; he expects the issue to reach the Supreme Court (26:35, 28:46).

Episode from Low Rollers by Casino Reports, published on YouTube.