Legitimuz, a company with the highest conversion rate in the online gaming and betting market, focused on KYC and compliance, highlights the importance of anticipatory strategies to prepare operators in Brazil for January 1st, when the new regulation comes into effect. At this moment, the scenario is challenging, but with the right solutions, Legitimuz sees a sector full of opportunities and shares its assessment in this article for GMB.
How to turn regulation into a strategic opportunity with Legitimuz
The regulation of the sports betting market in Brazil is about to transform the way iGaming operators conduct their operations. This new scenario not only requires legal adjustments but also challenges companies to rethink their risk management, security, and user experience strategies. In this context, anticipating regulatory changes is a fundamental step to ensure sustainability and growth.
Legitimuz, recognized for its expertise in identity verification and compliance, understands that preparation is not just an urgent preventive measure, but a strategic opportunity. Operators who invest in early compliance gain a significant competitive advantage, minimize disruptions, and ensure a smoother transition to the new regulatory environment.
Furthermore, adopting anticipatory strategies enables the building of a solid trust foundation between operators and users. Companies that prioritize security, transparency, and compliance create a competitive edge, positioning themselves as leaders in an increasingly demanding and dynamic market.
What are the pillars of preparation for regulation?
Anticipating regulation is more than an operational necessity: it is a strategic approach to maintaining competitiveness and protecting operations. Prepared companies can mitigate risks, reduce compliance costs, and consolidate their position in the market.
Among the main actions that operators need to implement, the following stand out:
- Identity Verification (KYC)
User authentication is essential to ensure security and meet legal requirements. A robust KYC system should be:
* Fast and intuitive;
* Highly secure;
* Aligned with legal requirements.
Legitimuz provides advanced KYC Onboarding solutions that integrate biometric recognition, document validation, and fraud detection, all in compliance with international standards.
- Fraud Prevention
Fraud in iGaming is one of the biggest threats to the integrity of platforms. To combat it, it is indispensable to have:
* FaceMatch for biometric verification;
* Automated document analysis;
* Constant monitoring of accesses and transactions.
Why is anticipation essential?
Companies that implement compliance strategies from the outset can:
* Reduce costs and time of compliance during the regulatory transition;
* Build trust among users;
* Minimize operational risks;
* Gain a competitive advantage in an increasingly regulated market.
Legitimuz: your partner in compliance and conversion
Legitimuz has the highest conversion rate in the market and offers KYC expertise for iGaming, with complete and specialized solutions to meet the needs and peculiarities of operators and their Brazilian players at all stages of the verification and compliance process. Its technologies include:
* Continuous monitoring of accesses (login, registration, withdrawal, and deposit);
* Constant updates to meet new legal requirements;
* Advanced image optimization technology for documents in poor condition or low-quality photos;
*Humanized specialized technical support; and much more!
What to do immediately?
To be prepared, your platform should:
1 - Evaluate current identity verification systems;
2 - Identify vulnerabilities and opportunities for improvement;
3 - Implement effective KYC and fraud prevention solutions;
4 - Keep the team updated about changes in the regulatory scenario.
The regulation of iGaming in Brazil represents both challenges and opportunities. Alongside partners like Legitimuz, operators can ensure that their operations are aligned with the new requirements, protecting their businesses and users, and positioning themselves as leaders in a competitive market.
- See how an effective KYC process impacts your conversion: Read more here
- Understand how a flawed KYC can lead to significant losses: Learn more here
Source: Legitimuz
