There is still support to process payments in the regulated U.S. online gambling market, despite the uncertainty created by the U.S. Department of Justice’s (DOJ) revised opinion on the Wire Act, according to one industry executive.
“There is an unwavering confidence and commitment to support the industry within a legal and lawful manner,” Joe Pappano, senior vice president and managing director of Worldpay Gaming, told sister publication GamblingCompliance in an interview.
Pappano acknowledged the DOJ Office of Legal Counsel’s (OLC) revised position on the federal Wire Act was “creating confusion” within the payments and gaming industries.
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.