Nuvei expands sports betting payment processing into Colorado

Thursday 1 October 2020 12:02 CET | News

Nuvei has announced that it has received its sports betting vendor license from Colorado’s Division of Gaming.

According to the press release, this permits the company to process payments within the state’s boundaries on regulated sports betting sites and apps. After winning approval to do business in the state of Indiana in August 2020, Nuvei will now be able to offer its full-service payment solutions, including Cashier – its customisable pay-in and pay-out platform – to the iGaming and sports betting industries in Colorado. 

This approval is part of the company’s ongoing strategic plan to support the growing US sports betting industry, as sports betting was legalised in Colorado from 1 May 2020 after approval by state voters in November 2019. However, legal bets must be placed with authorised sportsbooks and operators. 

Therefore, Nuvei can provide gaming operators and companies with payment services for customers over the age of 21 who place legal wagers on games in the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), the National Hockey League (NHL), and any other professional and amateur sports betting transactions across the State.

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Keywords: Nuvei , sports betting vendor license, Colorado, Division of Gaming, pay-in, pay-out, iGaming, sports betting, legal bets
Categories: Payments & Commerce
Countries: United States
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