EGBA Urges European Payment Providers to Block Illegal Gambling Operators

The European Gaming and Betting Association (EGBA) has requested that payment networks across Europe strengthen their verification procedures to restrict black market gambling services. The association launched this initiative while submitting a formal complaint to a banking authority regarding unchecked transaction flows.

Payment Network Coordination

The EGBA report highlights that unlicensed gambling platforms continue to process transactions through standard financial channels. Payment processors are asked to implement stricter screening measures for gambling-related transfers. Coordinated verification across the financial network would prevent unauthorized operators from maintaining active accounts.

Regulatory Complaint and Next Steps

The association’s formal submission outlines specific transaction patterns linked to unlicensed betting services. The EGBA expects financial institutions to align their compliance protocols with European gambling licensing requirements. This approach aims to leave non-compliant market participants with no room to manoeuvre. The update was reported by iGaming Expert.