Payment processors targeted in Florida gambling lawsuit
American Banker
Florida AG James Uthmeier targets payment processors and card networks in lawsuits against online gambling platforms.Summary
Florida Attorney General James Uthmeier filed two lawsuits against payment processors including Worldpay, Trustly, and others, alleging they facilitate illegal online gambling operations known as sweepstakes casinos. He also sent cease-and-desist letters to major card networks like Visa and Mastercard for enabling gambling transactions. The case reflects broader regulatory efforts to address gray-area financial markets and prediction markets, with experts warning of significant legal and financial risks for financial institutions involved.
(Source：American Banker)