The illegal online casino Betsolino is making waves once again—not just for its lack of licensing but for the payment providers actively supporting its questionable operations.
The Payment Network Behind Betsolino:
- UtPay (UTRG UAB): Serving as the main payment gateway for seamless transactions.
- MiFinity and Rapid: Preferred providers for fiat currency payments.
- Changelly and MoonPay: Enabling cryptocurrency purchases via credit card, directly funneled to Betsolino.
These payment providers play a crucial role in facilitating Betsolino’s operations, allowing players easy access while propping up its illegal business model. Despite clear regulatory frameworks, they seem to operate with little regard for compliance risks.
Why This Matters: By partnering with an unlicensed casino, these payment facilitators are directly enabling illegal gambling activities. Both players and authorities face a critical challenge: How can such networks be dismantled when payment providers are complicit in the process?
The Takeaway: The involvement of payment providers is a key factor—and raises serious questions about how deeply they are entangled in the network of illegal platforms. Regulators must act swiftly to scrutinize the compliance practices of these facilitators and curb their support for unlawful operations.