Since then there has been a relatively continuous stream of states coming online, with new legal, licensed sportsbooks popping up all over the country. However, in 2018 the US senate legalized sports betting at a federal level, allowing each state to decide whether they would allow online sportsbooks within their borders. This meant that banks had blacklisted payments to and from these sportsbooks in order to protect both you as a customer and themselves. This is because the banking system is simply not up to speed with the rate of change within the country's burgeoning sports betting industry.įor many years, illegal offshore companies dominated online sportsbook transactions.
One of the biggest challenges facing sports bettors in the US is finding a trustworthy and secure payment platform for deposits and withdrawals.
