BetRivers players will soon have the option to seamlessly fund their sportsbook and online casino accounts using cryptocurrency. The new payment method comes as a result of a landmark agreement between parent company Rush Street Interactive (RSI) and BurraPay. The latter is the leading provider of secure and compliant cryptocurrency payment solutions for the regulated casino gaming industry.
BurraPay will integrate its crypto payment solution directly into RSI’s BetRivers gaming platform. This will enable players to seamlessly fund their gaming accounts with cryptocurrency. The when is still to be determined. According to the press release, the solution will be rolled out on a jurisdiction-by-jurisdiction basis as the necessary regulatory approvals are secured.
RSI is BurraPay’s first U.S. Customer.
“This agreement is a milestone for both companies – and for the industry as a whole – as it proves that cryptocurrency payments can be delivered in a compliant, player-friendly, and scalable way,” Luke Millanta, CTO and co-founder of BurraPay, said. “Rush Street Interactive has always been an innovator in online gaming, and we couldn’t ask for a better partner to showcase what BurraPay can do.”
RSI has been making headlines lately surrounding new payment options available to BetRivers customers. Earlier this month, the company announced the gambling industry’s first integrated payments debit solution. Sightline is helping with the design and launch of a “groundbreaking program that enhances the way BetRivers customers interact with its proprietary online gaming platform.”
The BurraPay solution now makes two new payment options that BetRivers sports and casino players can expect to see sometime in the near future.
“BurraPay has demonstrated a compliance-first approach that perfectly aligns with our values and regulatory commitments,” Richard Schwartz, CEO of Rush Street Interactive, said. “We are excited to offer our BetRivers players the flexibility to fund their accounts with cryptocurrency – an option that will enhance the overall gaming experience and reinforces our commitment to putting our players first.”
On a related note, the American Gaming Association recently released updates to its best practices on anti-money laundering (AML) frameworks, which also includes discussions on the use of cryptocurrencies in gaming.
The 64-page guide provides a blueprint for the gaming industry to strengthen compliance programs amid evolving laws, technologies, and emerging criminal activity. One of the key updates centers around an expanded focus on online activity, digital wallets, and cryptocurrency. This carries even more weight now that regulated online casinos and sportsbooks are introducing crypto as a payment solution.
Other key updates include:
“Maintaining up-to-date AML policies is essential to safeguarding the gaming industry’s operations, employees, and customers – and to protecting the integrity of the U.S. financial system,” Alex Costello, Vice President of Government Relations at the American Gaming Association.
