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Socure Risk Insights Report

Nothing but theft: Exposing the fraud crisis in sports betting

Sports betting has exploded into a $114 billion industry—but with massive growth comes serious risk. In 2024, basketball betting emerged as a top target for first-party fraud, accounting for 55% of all incidents despite making up just 15% of total betting transactions. That’s $2.8 billion in annual losses, with 1 in 10 Americans disputing losing bets.
Fraud spikes during high-stakes events—like the Super Bowl, March Madness and the NBA Finals—when 91% of offenders place bets and 92% commit fraud during the games.
<h3>Inside the Report:</h3>
<ul>
<li>Why 37% of bettors say it’s easy to commit fraud on sports betting platforms</li>
<li>The most common tactics: payout manipulation, chargebacks, and false dispute claims</li>
<li>How unresolved fraud is driving away legitimate basketball fans and bettors</li>
</ul>
Don&#8217;t let fraud tip the odds against you.
Download the full report now to uncover key trends, tactics, and strategies to defend your sportsbook.

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Nothing but theft: Exposing the fraud crisis in sports betting

Access the report now!

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