PayNearMe granted approval to process online sports betting payments in Kansas
PayNearMe has been approved by the Kansas Racing and Gaming Commission to provide its MoneyLine platform to licensed operators across the state.
In conjunction with the state Gaming Commission giving approved operators the go-ahead to launch in Kansas, five of the fintech company’s sports betting operators are going live with MoneyLine in the state, on the same day that residents can begin wagering.
“These clients are going live just as the 2022 football season gets rolling, enabling fans to place legal wagers on the Jayhawks, Chiefs or any of their favourite sports teams,” said PayNearMe Chief Revenue Officer and General Manager Michael Kaplan.
“Enabling our clients to go live on the same day Kansas residents can place online wagers ensures they will be able to seamlessly manage the millions of dollars projected to be wagered online in Kansas over the next year.
“Fans are ready to watch and wager on NFL and college football, and we’ve been working hard behind the scenes to ensure our operators are ready to give them the industry’s best player experience around deposits and withdrawals.”
PayNearMe has expanded its iGaming and online sports betting footprint to 20 states after the approval from the Kansas Racing and Gaming Commission.
PayNearMe Vice President, Legal and Chief Compliance Officer Connor McNulty commented: “We have deep expertise in the industry and have worked closely with the Kansas Racing and Gaming Commission to ensure our service is compliant with all applicable statutory requirements.
“PayNearMe is focused on quickly and efficiently gaining approval as new states legalise online sports betting and iGaming.”