Bovada Money Transfers Suspended
Life just got a little more interesting for American bettors with Bovada.lv accounts. Money transfers through MyPaylinQ are now suspended for players in Maryland, Washington, New York and Utah. MyPaylinQ is a processor used as middleman between players and gaming sites.
This latest bit of bad gaming news seems clearly related to the recent indictment of Bodog found Calvin Ayre on gambling and money laundering charges. As of this writing neither Bovada nor MyPaylinq had posted any official announcements on the issue, though several independent gaming blogs were reporting it.
According to Gooners Guide to Gambling players in the aforementioned states were greeted with the following message when they attempted to log in their accounts today, “If you are a Bovada customer from one of the above states, you will not be able to use your MyPaylinQ account to transfer. Please contact support at Bovada for further information.”
What It Means
In the past, suspended gaming accounts at processors generally indicated that the processor was under investigation or was about to get shut down by the Federal Government. In hindsight, that was one the main tells ahead of Black Friday. Though it should be noted that, as of this writing, MyPayLinq is not currently known to be under investigation.
This story is still developing and details about the account suspensions are still vague. Expect more information to emerge in the days and weeks ahead.
Have you been impacted by the account suspension at MyPayLinq? Share your experiences on our Online Gambling Laws & Regulations Forum.