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“The expectation is that there will be a lot of expansion or new business opportunity,” he said. “Now the compliance officers and risk strategists are gaining a seat at the table for that planning.” After all, he said, “the fastest way to crash a service, or not make it tenable, is to pump in a lot of fake users.” The way a company like Trulioo helps its online gambling clients avoid such a non-lucrative fate are through geo-location and age verification protections, helping to ensure that the betting providers are complying with the laws of the states in which they are operating. Proper checks of clients also help those betting providers avoid money laundering risks. Cohen described technology that can take a user’s mobile phone number and match it with carrier data to verify age, address and other identifying details in a way “that’s more real-time” than some other methods. His company can also make it possible for gamblers to offer up documents such as passports and drivers’ licenses as part of the verification and authentication process. As online sport betting gains steam in the United States in the aftermath of the Supreme Court ruling, the gambling providers will have to be prepared to work with multiple regulations and laws governing the activity. According to Cohen, some states will have “prescriptive” rules, with “step-by-step” explanations and expectations for those providers to follow. Other states will take a “broader approach,” with providers given a choice about what works best to make money while conforming with regulations. In a sense, companies getting into online sports betting in the United States will be working with 50 separate countries — which serves as an advantage to Trulioo and competitors, which already have experience with providing the technology behind similar commerce endeavors in Asia and Europe. “You can look at our friends and neighbors across the pond and see how it’s been done before,” Cohen noted.

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