Do u mean credit card fraud? I think, that wont be an issue in your bitcoin venture....
newIndia, I mean all kinds of fraud: rigged games, misprints abuses etc. Every bookie forced to prevent this.
For ex. we have Indian Goa Professional Football League in SportsBook. Or Rwanda National Football League)
But you are right. Fiat financial scammers do 99% of harm.
And it's avoided here with BTC only.
Do we need id verifocation since bitcoin is an anonymous curreny? BTW, what is rigged games, you mean game fixing? Misprint abuse, I can't understand what it is, you mean people forge a paper lotto/sports betslip in retail stores?