Payments company PayNearMe, designed for the management of iGaming and sports betting, has been approved by the New York Gaming Commission to provide its MoneyLine platform

Payments troupe PayNearMe, intentional for the management of iGaming and sports betting, has been approved by the New York Gaming Commission to supply its MoneyLine platform.

After the Gaming Commission granted commendation for a figure of operators to issuing legal online sports betting inward New York, ternary make expanded into the province with MoneyLine.

Michael Kaplan, PayNearMe CRO and GM, stated: “These clients are some of the industry’s largest operators. They make been accepting cash deposits at retail locations with PayNearMe for years and can buoy now take on players’ immediate payment deposits for mobile sports betting in New York.

“We are actively working to launch additional operators upon favorable reception and are thrilled to be pavement the right smart in iGaming with our MoneyLine platform.”

Receiving New House of York approval inward December 2021, PayNearMe has expanded its iGaming and online sports betting footmark into 18 states.

Kaplan continued: “Enabling our clients to move live on the same daytime online play was legalised inwards the state of New House of York ensures they testament live able-bodied to seamlessly deal the billions of dollars projected to follow wagered online inwards New House of York over the next year.

“Ahead of the Super Bowl, millions of fans are watching and wagering on NFL and college playoffs. PayNearMe operators will follow capable to offer up immediate payment as a convenient and guaranteed deposit method.”

Connor McNulty, PayNearMe Senior Regulatory Counsel, commented on how the complex outgrowth of managing deposits requires technology unambiguously intentional for the sports betting and iGaming industries, saying: “We experience rich expertise inward the industry and feature worked closely with the New House of York Gaming Commission to ensure our service is compliant with all applicable statutory requirements.

“PayNearMe is focussed on quickly and efficiently gaining approval as new states legalise online sports betting and iGaming.”

This news is curated to you by the 918Kiss Malaysia.