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While banks are more open to clearing in-person betting transactions, the hope in the gaming industry is that as more states legalize sports gambling, more financial companies will be on board with allowing their cards to be used for online wagers.
“These state-level victories will mean tens of thousands of fewer arrests and new jobs, much-needed tax revenue and increased public safety,” Aaron Smith, CEO of the National Cannabis Industry Association, said in a press release. “There is still a lot of work to do, but the wind is at our backs.”
https://www.americanbanker.com/news/cannabis-and-gambling-state-ballot-measures-that-matter-to-banks
