PayNearMe granted approval to process online sports betting payments in Kansas
The Kansas Racing and Gaming Commission has approved PayNearMe to provide its MoneyLine platform to licensed operators throughout the state. Five of the fintech company's sports betting operators are going live with MoneyLine in Kansas on the same day that residents can begin wagering, in conjunction with the state Gaming Commission giving approved operators the go-ahead to launch in Kansas. "These clients will go live just as the 2022 football season begins, allowing fans to legally wager on the Jayhawks, Chiefs, or any of their favorite sports teams," PayNearMe Chief Revenue Officer and General Manager Michael Kaplan said.
"By allowing our clients to go live on the same day Kansas residents can place online wagers, we ensure that they will be able to manage the millions of dollars that are expected 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 provide them with the industry's best deposit and withdrawal experience."
PayNearMe has expanded its iGaming and online sports betting footprint to 20 states following Kansas Racing and Gaming Commission approval.
"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 Vice President, Legal and Chief Compliance Officer Connor McNulty said.
"PayNearMe is committed to gaining approval as new states legalize online sports betting and iGaming."