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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.

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Five At Five: NYC Votes To Impose Ridesharing Cap

PYMNTS

States Launch Initiatives To Embrace Distributed Ledger Technology. As states are moving to find novel ways to make use of blockchain, a number of initiatives have been developed to regulate distributed ledger technology.

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Blockchain Goes Local (A Bit, Anyway)

PYMNTS

Use cases are growing with blockchain, and while the headlines may focus on large-scale government initiatives and where distributed ledger technology (DLT) might be headed, the fact remains that smaller projects are gaining traction. News came out this week that a pilot program in West Virginia is eyeing the ballot box.

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OppFi files complaint to block “true lender” challenge by California Department of Financial Protection and Innovation

CFPB Monitor

The complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans). Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

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2021 GonzoBanker Awards

Gonzobanker

Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. Brandon Dewitt, MX co-founder and chief technology officer.

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