Ex-PokerStars Employee Dodges Prison Time

Paul Tate avoided a date with a US prison cell after turning himself in to US authorities for his role as the payments director at PokerStars during the Black Friday-era. Tate stood in front of US District Judge Lewis Kaplan in a Manhattan court room on Monday to face the music for his role in…

Visa Cracks Down on Binary Options Processing

North American-facing binary options affiliates are bracing themselves for a major change in their business after Visa issued a statement saying it would be cracking down on the industry. While Visa says that it will continue processing transactions from binary options sites, but it also made it clear that it would be subjecting those transactions…

Aussie Gamblers Can Access Online Gambling Accounts from Convenience Stores

In the very near future, Australia's legion of online gamblers will be able to deposit and withdraw funds from online casinos and sportsbooks at their local convenience store. The new system is a leap forward in convenience, but was instantly targeted by Australia's very vocal anti-gambling crowd. As of this writing, more than 1,600 gas…

BitGo Bitcoin Wallet Hit with DDoS Attack

BitGo, a well-known Bitcoin wallet service, was hit with a massive DDoS attack recently that left users unable to access their cash and challenged commonly held notions about Bitcoin security. The attack took place on Saturday and lasted somewhere between four and five hours. During the attack, end-users were unable to access their funds. Published…

Feds Target Western Union in Online Gambling Probe

Western Union, one of the largest payment transfer companies on the planet, is the target of a Federal investigation involving online gambling payments from offshore casinos. According to CNBC, the feds have issued a large number of subpoenas to the company for documents relating to online gambling payments. In what could be an ominous sign…

Citibank Stops Processing NY Daily Fantasy Sports Transactions

The week leading up to Super Bowl 50 should have been the US-facing daily fantasy sports industry's big moment. Instead, the week was punctuated with even more bad news for the beleaguered vertical's two biggest players. On Friday afternoon Citibank announced that it would no longer be processing daily fantasy sports transactions that come out…

Payment Processor Says 'Adios' to Daily Fantasy Sports Clients

The US-facing daily fantasy sports industry is about to learn a lesson that other US-facing operators learned long ago; doing business without a payment processor is next to impossible. Late last week, Vantiv Entertainment Solutions, sent word to Draft Kings and Fan Duel that, as if February 29, it would no longer be handling payments…

WSOP.com Offers PayPal – A Nevada iGaming First

WSOP.com is making Nevada online gambling history as it becomes the first Silver State operator to accept PayPal deposits. Despite being a fairly momentous occasion for the online gambling industry, the return of PayPal happened with almost no hype, and didn't even rate an official notice from either PayPal or Ceasars Interactive Entertainment (CIE) -…

PayPal Heading Back to the American iGaming Business

Paypal is reportedly planning to head back to the American online gambling market for the first time since the passage of the UIGEA back in 2006, according to multiple reports from the online poker press. The return of one of the most trusted names in payment processing is a major shot in the arm for…

Bitcoin and the Fictions of Money

Individuals and businesses around the globe are either buying Bitcoin, handling some of their payments in it, or simply treating it as an investment. But despite all this, what Bitcoin is most of all, is an unknown. No one really knows where Bitcoin is going, but there are still some interesting points of view we…