BetMGM latest online gaming operator to cease credit card payments

BetMGM is ending credit card transactions entirely after reaching a fraud-related settlement with the Pennsylvania Gaming Control Board (PGCB). The move follows a $100,000 fine imposed on the operator for failing to implement sufficient procedures to prevent fraudulent activity, particularly in identity verification, the Payments Journal reported. According to the PGCB, multiple cases were identified in […]

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The Guardian view on crypto’s latest crash: it reveals who pays the price for a failing economy | Editorial

The crypto crash has come again. And it is as brutal as ever. In barely six weeks, more than $1.2tn has evaporated from cryptocurrencies’ market capitalisation. The sell-off has sent bitcoin back to levels last seen in April. The world’s largest cryptocurrency briefly fell below $90,000 this week, shedding almost a third of its value […]

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