Lottery Management Risk Quantification for a Sports Lottery Organization - case

Client Profile

The customer is an organization related to the sports lottery industry, facing the challenge of rising market share due to rapid market development, while also confronting regulatory challenges brought about by changes in risky betting behavior and group betting patterns. Due to the lack of an account system, the regulatory closed loop faces challenges at various stages, necessitating the construction of an efficient and rigorous risk control system.

Business Challenges

Changes in risky betting behavior: After the implementation of new rules restricting betting, there have been changes in risky betting behavior and group betting patterns, increasing the difficulty of regulation.

Lack of a regulatory closed loop: The absence of an account system poses challenges to the regulatory closed loop at various stages, necessitating the establishment of a new regulatory system.

Complexity of risk measurement: There are challenges in risk control for sports lotteries at both the micro and macro levels, especially in terms of the complexity of risk measurement.

Limitations in prize pool research: There are limitations in the research on prize pools, necessitating enhanced regulation and a refined risk assessment mechanism.

Solution

Group identification model and visualization tools
Establish a group identification model based on terminal transaction data, an

Overall transaction risk measurement
Improve the measurement of transaction risk, assess the maximum potential loss of the serial betting method, and estimate the distribution of gains and losses.

Risk control decision support
Through the above measures, enhance the rigor of the risk control system, improve the prevention and control mechanism, and respond to the increasing demand for regulation.

Solution Advantages

Precise group identification: The group identification model accurately identifies potential risk groups based on transaction data.
Risk visualization: Visualization tools help regulators to drill down by levels, gradually aggregate, and control risks holistically.
Risk measurement and assessment: Overall transaction risk measurement helps to assess the maximum potential loss and achieve real-time, accurate risk identification.

Client Value

Enhanced risk control system

By building a sports lottery risk control model, helping to enhance the overall security of the system.

Improved prevention and control mechanisms

The group identification model and visualization provide business interpretability, supporting the risk calculation for complex audits.

Increased efficiency in risk identification

Overall transaction risk measurement achieves real-time, accurate risk identification, improving the efficiency of risk control.

Meeting regulatory demands

Meet the increasing demands for regulation, providing strong support for risk prevention and control, and promoting the healthy development of the sports lottery industry.