On Tuesday, the Federal Trade Commission released its report on the use of “gaming” sites on the Internet.
In the months leading up to November of last year, the FTC estimated that more than one million websites used online gaming sites to make money.
In response to this surge in use, the agency has been investigating how the online gambling industry is utilizing legitimate gambling sites to trick consumers into accepting unsolicited credit cards, online gambling sites, or other forms of gambling.
“Online gambling sites have been making it easy for gamblers to get a fake credit card or a real casino account,” said Acting FTC Director Jennifer DaSilva.
“We’re looking at ways to stop these sites from using fake credit cards and fake gaming sites for fraudulent activity.”
This week, the commission released its final report on “online gambling sites.”
This report was based on data from more than 2,500 law enforcement and regulatory agencies across the country, and the report provides a comprehensive picture of how gambling sites use and abuse their online platforms to generate revenue.
The report found that more companies are using legitimate gambling platforms than are gaming sites.
The FTC found that while gambling sites were able to generate over $7 billion in revenue in 2017, the majority of online gaming companies were using legitimate sites.
More than 2.5 million websites were reported to have been registered with multiple names and addresses.
Only three online gambling websites were registered with the same IP address as a gambling site.
For example, while it appears that most online gambling companies have a business model based on selling credit cards or other prepaid cards, the report found some of these businesses were registered as “real casinos” with the IP address of legitimate gambling websites.
According to the FTC, the vast majority of websites registered with a legitimate domain name do not have a real business model.
According to the report, over 95% of these sites were hosted on the Tor network, an open network used by the Internet to disguise the identities of the sites they are hosted on.
Tor has been used by legitimate online gambling platforms to evade detection by law enforcement.
A few online gambling services, such as FantasyFlix, have been accused of being fronts for criminal activity, including a gambling website known as PokerStars that was shut down in the U.S. in January of this year for a large-scale money laundering scheme.
FantasyFlix said it is a legitimate business that has been operating in the United States since 2010 and had no affiliation with any other gambling websites in any way.
“The sites are not real and we are not affiliated with any gambling sites,” FantasyFlis said in a statement to The Associated Press.
“Our website does not have any affiliate or referral programs with any of the gaming websites or any other websites.”
The FTC has also found that some of the more prominent online gambling providers, such a Pinnacle Entertainment and Fantasy Sports, were involved in large-sized criminal activity.
The commission said that Pinnacle and FantasySports were involved with a number of criminal activities that resulted in millions of dollars in criminal proceeds.
While the majority were not known to the commission as large-time criminal offenders, the investigation has revealed some of their alleged activities that have raised concerns about the integrity of the online gaming industry.
In a statement, Pinnacle said it “stands by the integrity and accuracy of our websites, and has taken significant steps to address these concerns.”
Fantasys statement continued, “The company is committed to protecting the privacy and security of our customers and employees, and will continue to work with the government to address any concerns they may have.”
While these criminal activities are being investigated, the industry continues to operate as it has for decades, with many legitimate online casinos continuing to operate in a legal gray area.
The federal government has also recently begun to investigate how online gambling businesses operate.
Last week, Secretary of the Treasury Jack Lew announced that the Treasury would begin an investigation into how online casinos are operating.
This includes looking into the financial stability of online casinos, as well as whether or not there is enough oversight and oversight of online gambling in the industry.