Jim Ryan: Biggest risk from new Wire Act opinion is payments

Pala Interactive CEO says new DOJ opinion could give payment processors cold feet

When news surfaced last week that the DOJ had reversed its 2011 opinion on the 1961 Wire Act and that the law doesn’t only just apply to sports betting, shockwaves were felt throughout the gambling industry. The revised opinion says the Wire Act covers all forms of interstate gambling, which would suggest the prognosis is…

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