Industry Buoyant Over U.S. Gambling Market Despite Wire Act Muddle

Payment providers in the United States have “tremendous confidence” that facilitating transactions linked to sports betting and online gambling will not be deemed a violation of the Wire Act, senior executives have insisted.

A year after a landmark court decision lifted restrictions on sports betting, financial firms are still grappling with legal uncertainty over the 1961 federal law, which makes it an offence to process related payments across state lines.

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