KYC & AML compliance is at the forefront of sports betting. What can your company do to stay competitive & in compliance in 2021?

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By Vanessa Malone

In 2018, the U.S. Supreme Court overturned the Professional and Amateur Sports Provision Act of 1992 (PASPA), clearing the way for states to legalize online sports betting.

In just two years, more than half of U.S. states have either legalized sports betting or introduced legislation to do so. As of November 4, 2020, 19 states offer single-game sports betting to consumers through retail and online sportsbooks, 6 states have legalized sports betting but are not yet operational, and 2 states have introduced bills to legalize sports betting.

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Data Source: American Gaming Association, 2020

According to Research and Markets, the sports betting market was valued at $85.047 billion in 2019. While in-person sports betting has taken a hit from COVID-19 in 2020, many have turned to the world of online sports betting. …

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Horizon Fintex

Horizon offers a suite of integrated securities software applications for compliant issuance through secondary trading of electronic securities.

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