Wire Act Issues Could Spark Payments Innovation

Experts have suggested that the fractured approach to sports betting in the United States, engendered in part by the recent upheaval over the Wire Act, could end up driving a more innovative and diversified array of payments offerings for consumers and gambling businesses.

The recent about-turn by the U.S. Department of Justice on the applicability of the 1961 Wire Act threw gambling operators and payments processors into confusion, with the possibility of many of their operations being made counter to federal policy overnight.

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