Wire Act Ruling A Win For Gambling Payment Processors

A New Hampshire federal court's ruling that the Wire Act applies only to electronic sports gambling should be a significant reassurance to payment processors and providers operating in other types of online wagering, such as casino-style gaming and state lotteries, experts note.

This week's decision by U.S. District Court Judge Paul Barbadoro essentially re-instituted an interpretation of the federal Wire Act that limited its scope to prohibiting only sports bets from being made across state lines — allowing other types of online wagering to take place on an interstate basis.

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.