In sports betting, you learn to take the good with the bad. Cash a gutsy moneyline wager on a 6-point underdog one day, only to see a favorite fail to cover by virtue of a missed extra point or free throw the following evening.

Same goes for the industry at large, where the stakes are typically higher. On the one hand, the rapid legal expansion of mobile sports wagering in the United States has made it a more accessible, transparent, and tightly regulated activity. On the other hand, the sports betting boom has led to a significant spike in proxy betting (like the recent case that got DraftKings fined), bonus abuse, and sophisticated gambling rings that traffic in stolen and fake identities.