Allowed sites is a new feature in Google Adsense. Allowed sites are sites or URLs on which AdSense publishers allow or wish to have their Google ads displayed.
The feature is a wonderful one, one that lets you list all the sites you are running AdSense ads on and thus prevent any other sites for damaging your account. Sometimes, a competitor or other evil party will run your ads somewhere that can hurt you, perhaps in a way that violates the Terms of Service or commits massive click fraud, and this feature acts as protection. This one is the best feature to secure your Adsesne ads.
There are two selections in the Allowed Sites option:- “Allow any site to show ads for my account” or “Only allow certain sites to show ads for my account”. Then you get the option of adding domains or subdomains to your approve list.
Here is the screenshot:-

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