AI sports betting platforms' breaches likely impacting March Madness wagers

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College basketball fans from across the country spent the past couple of weeks keeping a close eye on the NCAA Division I men's and women's basketball tournaments. Millions of sports enthusiasts filled out and submitted brackets with hopes their particular games' predictions would become true.

The annual basketball tournament seemingly always sparks a noticeable amount of excitement across the sports world, but it also attracts the casual fan and those who might not normally participate in sports gambling. Several teams will typically compete simultaneously at different arenas across the U.S. and upsets are often plentiful, which adds to the tournament's allure.

But more and more sports bettors appear to be turning to artificial intelligence to help counter the notoriously unpredictable tournament, which is often referred to as March Madness.

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General view of March Madness signage during the Second Round of the NCAA Womens Basketball Championship Seattle Regional 3 on March 20, 2023, at Gampel Pavilion in Storrs, Connecticut. (M. Anthony Nesmith/Icon Sportswire via Getty Images)

While AI is certainly a tool that fans can utilize, it is not a perfect science.

Aside from the fact that AI cannot guarantee results when it comes to sports wagers, another potential downside that should be taken into consideration involves the potential exploitation of the technology.

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Cybercriminals are becoming more and more sophisticated. The possibility of manipulating the betting markets and taking advantage of