The global sports betting market has seen explosive growth in recent years, fueled by the rise of online gambling platforms, increased internet access and penetration, and the legalization of betting in numerous countries. As of 2023, research showed that the global sports betting market was valued at around $92.1 billion, with projections suggesting it could exceed $182.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.3%.
This market includes various betting activities, from traditional sports like soccer and horse racing to esports and virtual games. However, the rapid expansion of the betting industry has also attracted fraudulent activity. Fraudsters actively seek to exploit weaknesses in the bookmakers’ odds-setting algorithms, using automated bots and leveraging advanced arbitrage techniques like surebetting and value betting to secure guaranteed profits. These activities often fall under the radar but can lead to significant financial losses for betting platforms and honest bettors.y.
Read more…
Source: Group IB
Related:
- Physical attacks on major crypto holders is on the rise as ‘Whales’ are targeted for kidnapping News
May 30, 2026
Cryptocurrency executives and whales alike are increasingly being targeted by a mix of criminal elements worldwide, even as security continues to be beefed up to protect the not-so-anonymous owners of cryptocurrency. The transparency introduced to the crypto world is putting some coin-collectors at risk of physical harm, and even kidnapping. But many are also being outed by ...
- Dutch cops wrest 17M devices from mystery botnet’s clutches
May 29, 2026
Dutch police say they dismantled a large botnet this week comprising at least 17 million infected devices. After being tipped off by a researcher at the Netherlands’ National Cyber Security Centre (NCSC-NL), police began an investigation, which resulted in the discovery of 200 servers underpinning the botnet’s infrastructure located in the country. Cybercrime specialists at The Hague ...
- No fix yet for critical RCE bug in open-source Git service Gogs – exploit module is out
May 29, 2026
There’s a huge hole and no one is patching it thus far. A critical, remote code execution (RCE) bug in Gogs, a popular open-source self-hosted Git service, can be exploited by any authenticated user – no special privileges required – on a default installation to fully compromise vulnerable servers, steal credentials and multi-factor authentication secrets, ...
- Microsoft under fire for threatening security researcher with criminal investigation
May 29, 2026
After a security researcher published a series of unpatched bugs in Microsoft products, along with code to exploit them, the company is now threatening to take legal action and call the cops on them. Microsoft’s veiled threat reignites a long-running argument over what responsibility, if any, security researchers have to disclose vulnerabilities affecting large and ...
- Fake ChatGPT download site infects Windows and Mac users with malware
May 28, 2026
A convincing fake website is impersonating OpenAI’s ChatGPT download page and infecting visitors with malware designed to steal passwords, browser data, cryptocurrency wallets, and other sensitive information. The site, openewapp, closely mimics OpenAI’s real ChatGPT download experience and offers what appear to be official desktop apps for both Windows and macOS. Instead, Windows users receive a ...
- Supply Chain Compromises Impact Nx Console and GitHub Repositories
May 28, 2026
CISA is prioritizing the response to multiple emerging software supply chain intrusion campaigns targeting developer ecosystems Continuous Integration/Continuous Development (CI/CD) pipelines. These recent incidents, including the GitHub compromise via a malicious Nx Console Visual Studio Code (VS Code) extension and the “Megalodon” supply chain intrusion campaign, demonstrate how cyber threat actors are abusing tools and ...