Newsazenplay.comLaw360 examined legal and compliance considerations for banks handling gambling-related payments. The analysis addresses risks connected with financial institutions, payment processing and regulated gambling businesses.
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Brazil’s central bank removed the R$500 per-transaction cap on contactless Pix payments beginning October 1. The change could affect payment flows for regulated online gambling operators using Pix, although the report does not identify a specific gambling-sector implementation.[7]
Brite Payments launched a United Kingdom Pay by Bank service after receiving an FCA e-money licence. The provider said its API is connected to more than 3,800 banks across 27 markets.
India’s Enforcement Directorate is investigating fund transfers associated with betting applications. The reported inquiry focuses on how money moved through related accounts and payment channels.