The European Gaming and Betting Association (EGBA) has raised concerns over illegal gambling activities in Lithuania, emphasizing the role of the payments industry in facilitating black market deposits.
The European Gaming and Betting Association (EGBA) has once again brought attention to the issue of combating illegal gambling, particularly focusing on the investigation conducted in Lithuania. The organization emphasized the significant impact of the payments sector on the proliferation of illicit gambling activities, shedding light on the challenges faced in curbing such practices.
Highlighting the role of fintech companies in enabling black market deposits, EGBA underscored the need for collaborative efforts between regulators and industry stakeholders to address these issues effectively. The association's stance reflects a growing concern within the industry regarding the prevalence of illegal gambling and the mechanisms that support such operations.
