Play Ventures GP Anton Backman: Real-Money Gaming is Entering Its Mobile Games Era

Play Ventures GP Anton Backman: Real-Money Gaming is Entering Its Mobile Games Era

Most of the apps on our phones are built to feel social. We can chat, scroll, follow live events, and often see what other people are doing in real time.

Sports betting has moved from the counter to the smartphone, but open an online sportsbook, and you’ll notice that the experience hasn’t changed all that much.

There are still odds grids, bet slips, promotions, account balances, and casino lobbies full of games that users mostly play on their own.

That model is big business, but it’s also starting to run up against a different kind of user expectation.

Younger gamblers grew up in a completely different type of entertainment economy.

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Ubertesters CEO Ran Rachlin: iGaming Payments Are About Trust, Not Just Transactions

Ubertesters CEO Ran Rachlin: iGaming Payments Are About Trust, Not Just Transactions

When a payment fails on Amazon, most of us would agree it’s annoying. When a payment fails on an iGaming platform, that same glitch can set off alarm bells.

Maybe it’s a stalled deposit. Maybe a payment option customers are familiar with is missing. Maybe a player clears one identity check, then gets caught up in another before withdrawing their winnings.

An operator may chalk these things up to simple technical hiccups. However, from the user’s perspective, they can raise a pretty damaging question: Can I trust this platform with my money?

That psychological gap is exactly what Ran Rachlin, co-founder and CEO of crowd testing firm Ubertesters, sees when he looks at payment friction in iGaming.

In a wide-ranging interview with CasinoBeats, Rachlin said operators often treat deposits, withdrawals, know-your-customer (KYC) checks, and local payment options as just another set of technical steps in their launch plans.

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