The online gaming industry appears to have the upper hand in its battle with the U.S. Department of Justice (DOJ) over the U.S. Wire Act of 1961, but a leading gaming attorney in Washington, D.C. says it is time to make a deal.
“The problem and my concern about this whole thing has always been, ‘How are the banks and payment processors going to respond and are they going to become so concerned that they essentially pull the plug?’” said Jeff Ifrah, a founding member of the online gaming trade association, iDevelopment and Economic Association.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.