Basebet Whitepaper
  • ๐ŸŸขWelcome to Basebet: The Future of GambleFi
  • ๐ŸŽฐ Why Hold $BBT?
  • INTRODUCTION
    • ๐ŸŽฒWelcome to Basebet
    • ๐Ÿ”—What is GambleFi?
  • THE BASEBET ECOSYSTEM
    • ๐ŸŒPlatform Overview
    • ๐Ÿ—บ๏ธRoadmap
  • $BBT TOKEN
    • ๐Ÿ’ฐHow $BBT Works: Profit-Sharing & Utility
    • ๐Ÿ“Š$BBT Tokenomics: Supply & Profit-Sharing Model
    • ๐Ÿ”ฅBuyback, Burn & Liquidity Strategy
    • ๐Ÿš€ $BBT Launch & Growth: From Pre-Sale to Profit-Sharing
    • ๐Ÿช™Tokenomics
    • ๐ŸคStep-by-Step Guide: Adding Liquidity to $BBT on Meteora
    • ๐Ÿ”’Token Security & Transparency
    • ๐ŸŽ‰ 100 Million $BBT Airdrop Campaign
    • ๐Ÿ“ขImportant Update โ€“ Moving to $BBT-Based Rewards!
  • GAMES PORTFOLIO
    • ๐ŸŽฐCasino Games
    • โšฝSports Betting
    • ๐ŸŽฎBasebet House Games
    • ๐ŸŽŸ๏ธDecentralized Lottery
  • GATOS BY BASEBET NFTS
    • What Are Gatos NFTs?
    • Profit Share Transition โ€“ $BBT Now Powers Rewards
  • REWARDS AND LOYALTY PROGRAMS
    • ๐Ÿ‘‘Basebet VIP Club - Rewards and Perks
    • ๐Ÿ…VIP Tiers
    • ๐Ÿ”—Basebet Affiliate Program
  • Partnerships
    • ๐Ÿ‘‘Basebet Partnerships: Collaborate with Us
  • Current Promotions
    • ๐ŸŽ$1,000 Sign Up Bonus
    • ๐Ÿ†$10,000 Weekly Race
    • โšฝ Guess the Score / Minute & Win $200 Free Bet!
    • ๐ŸŽฐWin Free Spins with Basebetโ€™s X Promotions!
    • Basebet Multiplier Madness Challenges
    • ๐ŸŽ‰ Basebet Rewards Holder Giveaway
    • ๐ŸŽ Extra 10% Cashback When You Bet with $BBT
  • SECURITY AND TRANSPARENCY
    • ๐Ÿ›ก๏ธSecurity Protocols
    • โœ…Provably Fair Mechanisms
  • CONTACT & SUPPORT
    • ๐Ÿ“žSupport Channels
    • ๐Ÿ”—Basebet Platform Links
    • ๐Ÿ“ฃConnect with Us on Social Media
  • BETTING RULES & COMPLIANCE
    • Sportsbook Terms & Conditions
      • Football
      • Basketball
      • Tennis
      • American football
      • Baseball
      • MMA
      • Ice Hockey
      • Volleyball
      • Cricket
      • Biathlon
      • Klask
      • Snooker
      • Handball
      • Floorball
      • Darts
      • Table Soccer (Football)
      • Kabbadi
      • Virtual Sport
      • Simulated Reality Games
      • Simulated reality tennis
      • E-Rugby
      • E-Handball
      • E-Baseball
      • E-Floorball
      • E-Football
      • E-Basketball
      • E-Hockey
      • E-Tennis
      • Fair Play Rules for Sportsbook
      • Features
    • Privacy Policy
    • AML Policy
    • Fair Play and Fraud Prevention Policy
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On this page
  • 1. Fraudulent Betting Patterns and Activities
  • 2. Consequences of Fraudulent Activity
  • 3. Final Decision & No Appeal Policy
  • 4. Zero Tolerance Policy
  1. BETTING RULES & COMPLIANCE

Fair Play and Fraud Prevention Policy

At Basebet, we are committed to providing all users a fair, transparent, and secure Sportsbook experience. We take integrity seriouslyโ€”any form of fraudulent activity is strictly prohibited and will result in immediate and decisive action, as outlined below.

1. Fraudulent Betting Patterns and Activities

Fraudulent betting refers to any attempt to exploit the system unfairly. Such activities include, but are not limited to:

  • Intentional Exploitation โ€“ Placing bets based on incorrect odds, inaccurate information, or fixed events.

  • Late Betting โ€“ Exploiting delays in event updates to place bets unfairly.

  • Arbitrage Betting โ€“ Placing bets across multiple platforms to secure guaranteed profits regardless of the outcome.

  • Professional Betting โ€“ Using systematic strategies designed to manipulate the platform for consistent gains.

  • Betting on Dropping Odds โ€“ Exploiting rapid market shifts to take advantage of pricing errors.

  • Multiple Account Usage โ€“ Creating or using multiple accounts to bypass limits, gain unfair advantages, or abuse promotional offers.

  • Promotion Abuse โ€“ Misusing promotional campaigns through actions such as bonus stacking or collusive betting.

  • Dependency Betting โ€“ Engaging in betting behavior associated with known fraud networks or linked to suspicious accounts.

  • Chargebacks & Payment Fraud โ€“ Initiating chargebacks or disputing valid transactions.

  • Forged Documents โ€“ Providing false or manipulated identification or financial documents.

  • Collusion โ€“ Coordinating with other users to manipulate game outcomes, promote abuse, or gain an unfair advantage.

  • Fraud Against Other Platforms โ€“ Any fraudulent activity on other casinos or payment providers, including chargeback abuse and money laundering.

  • Unfair Strategies โ€“ Exploiting loopholes or system errors for unfair winnings.

2. Consequences of Fraudulent Activity

Users identified as engaging in fraudulent behavior will face immediate account termination and the following penalties:

  • Account Closure & Funds Forfeiture โ€“ The account will be permanently closed, and all deposited funds and winnings will be confiscated with no obligation to return funds.

  • No Prior Warning โ€“ Accounts will be closed without prior notice, and Basebet is not obligated to provide specific reasons.

  • Betting Limitations โ€“ Users suspected of fraud may have their betting access restricted before account closure.

  • Mandatory KYC Verification โ€“ Users must complete identity verification through the Veriff program to withdraw deposited funds. Failure to verify using legitimate documents will result in automatic forfeiture of funds.

  • Reporting to Authorities & Legal Action โ€“ In cases of severe fraud, Basebet reserves the right to report the activity to regulatory bodies, financial institutions, and law enforcement agencies.

  • No Obligation to Notify โ€“ Basebet is not required to disclose specific details or evidence before enforcing penalties.

3. Final Decision & No Appeal Policy

All decisions related to fraudulent activities are made solely by our Sports and Risk Departments, based on established fraud detection systems and patterns. Basebet reserves the right to withhold specific evidence of suspicious activity based on the userโ€™s overall behavior and betting patterns. All decisions are final and not subject to appeal.

4. Zero Tolerance Policy

Basebet enforces a strict zero-tolerance policy toward any form of fraudulent activity. Engaging in any prohibited actions listed above will result in permanent account restrictions, forfeiture of funds, and potential legal consequences.

By using our Sportsbook, you acknowledge and agree to comply with this Fair Play and Fraud Prevention Policy. Your cooperation helps ensure a fair, secure, and enjoyable betting environment for all users.

PreviousAML Policy

Last updated 3 months ago