A system for two-factor location-based device verification includes a processor and a non-transitory, tangible, computer-readable storage medium having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations including: (i) receiving, from a client device, a first location factor; (ii) receiving, from the client device, a second location factor; (iii) determining, based upon the first location factor and the second location factor, that the client device is within a predefined area; and (iv) creating, in response to the determining, a new wagering account in association with a user of the client device.