Earlier this month, hacker Alexey V. Borodin discovered a method that allows some iOS app users to make "In-App Purchases" for FREE. Because Apple does not link purchases directly to individual customers or devices, a single receipt can be used for multiple transactions. Borodin's method takes advantage of this fact by fooling iOS apps into accepting fake purchase receipts and bypassing Apple’s authentication servers.
A new API aims to capitalize on the social gaming phenomenon by giving app developers an even better way to monetize their audiences. Rather than simply selling upgrades and virtual goods, players can also incorporate gambling. Betable, which today is announcing the beta of its Betable API, handles the money, regulations and gambling logic.