Newsazenplay.comA report examined how crypto-enabled gambling businesses use wallets, on-ramps, payment processors and exchanges to handle deposits and withdrawals. It said operators and suppliers must document wallet screening, transaction monitoring and the movement of funds between bank and blockchain rails.
Covered by Cashback and payouts on AzenPlay.
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ZEN.COM said its Pay by Bank service, supported by Mastercard Open Finance, is available across nine European countries. The service supports merchant payments and wallet top-ups through one integration, excluding the UK.
The UK Gambling Commission analysed anonymised open-banking transactions to examine how consumers in Great Britain interact with unlicensed operators. The study found that illegal gambling activity frequently coexisted with use of licensed gambling services.
An analysis of anonymised bank-account data found 157.2 million transactions, including 4.8 million involving licensed non-lottery gambling operators. The findings show how open banking data can help regulators examine payment flows across licensed and unlicensed gambling markets.