Banks steer clear of sports gambling even as more states legalize it
Jon Prior November 11, 2020
While much of the country was closely watching presidential election results last week, sports gambling quietly became legal in half of all states two years after the Supreme Court broke Nevada’s monopoly on gaming.
But some of the biggest banks and credit card issuers are still blocking payment transactions that could supercharge an already booming market for online and mobile wagering. Their main concern? Inadvertently facilitating financial crimes and being punished by federal authorities.
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Banks steer clear of sports gambling even as more states legalize it
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