Hey guys, so I've been doing some digging into fiat-crypto casino payment gateways specifically. Right now Stake.com and Bc.game use Moonpay for their "buy crypto" function, however after contacting Moonpay, Transak and a few other major fiat-crypto payment gateways I've learned that these providers no longer accept new casino business.
In the case of Moonpay they are upholding their existing agreements with casino providers (for now I guess) but new operators are only being accepted with casino licenses in the UK and USA (both of which require their own unique gaming licenses) as well as a reputable international license (e.g. curacao, malta, antigua etc.).
Transak on the other hand are just straight up removing themselves from the gambling industry altogether.
I think it's a real shame that new providers won't have access to reputable fiat to crypto on-ramps, it creates an uneven playing field as the big guys get treated differently.
The reality is that any reputable financial company, including these payment gateways, that wants to transact in US dollars and other popular currencies like Sterling or Euros, will ultimately need to file certain regulatory documents. Casinos have been used for money laundering a lot in the past, so will always come under massive scrutiny all along the chain, which is why there is a big push for KYC at so many casinos and bookmakers lately. If there is even the slightest hint that the money might have any dodgy connections, they will get black marks and after a certain amount of those they become too much of a risk to continue serving. The payment networks are ultimately the culmination of all this money and take on a large part of the risk, which includes jail time if they break the law.