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How Payment Processors Are Adapting To Regulations In The Online Gambling Market

How Payment Processors Are Adapting To Regulations In The Online Gambling Market

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The past few years have been a game-changer for the gambling industry. Through digitalization, the betting market witnessed a growth of around $63.53 bn in 2022, according to Grand View Research. The same study predicts that the industry can rise to $153.6 bn by 2030. Easy access to gaming through smartphones has been a key differentiator for this tremendous growth rate. However, the boom in online gambling also increased the chances of cybercrime.  Thus, a fear of fraudulence still makes many gambling enthusiasts wonder are payment processors regulated. Problems do exist. However, payment processors and gambling merchants leave no stone unturned to manage the roadblocks. Let's dig deep to understand the future of online casinos. Massive Gap in Global Gambling Regulations ...