Sportsbooks are situated between financial services, entertainment, and regulated gaming, hence the fact that they are considered high-risk payments. Sportsbooks, unlike other merchants, handle numerous transactions of high frequency and velocity, which, in the absence of strong controls, allow illicit activities to be hidden. Regulators, therefore, impose a stricter standard...
Understanding KYC & AML Requirements for Sportsbook Payments
Online sports betting is booming. From casual weekend bettors to full-time sharps, millions of people are placing bets every day—and the industry keeps growing. But with growth comes risk. That’s where Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations step in. KYC & AML help sportsbooks verify user identities,...
How to Run a Sportsbook and Build a Bookmaking Business: Get Up and Runnning in 8 Easy Steps!
The global sports betting industry is experiencing rapid expansion, with recent years marking a significant turning point as legalization spreads across new markets. In 2025 alone, the market is expected to generate approximately $18.51 billion in revenue. It's projected to grow at a CAGR of 7.89% from 2025 to 2029,...