The European Gaming and Betting Association (EGBA) has highlighted the significance of the payments industry to the illegal gambling markets following an investigation in Lithuania.
The European Gaming and Betting Association (EGBA) has once again brought attention to the issue of illegal gambling, particularly focusing on Lithuania. The association emphasized the role of the payments industry in facilitating transactions related to black market gambling activities.
By naming and shaming a fintech company in Lithuania, the EGBA aims to raise awareness about the involvement of financial institutions in enabling illegal gambling practices. The investigation conducted by EGBA sheds light on the challenges in curbing illicit gambling operations and the need for stricter regulations within the payments sector.
