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Ep 556: Approvely’s CEO Destroys the Big Myths in US iGaming Payments
Manage episode 493628916 series 3468725
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In today's episode of iGaming Daily, Jessica Welman, Managing Editor at SBC Media is joined by Chelsie Cooper, CEO of Approvely, for an eye-opening deep dive into the realities of the US online gaming ecosystem.
Sponsored by Optimove, this episode challenges long-held assumptions about regulated verses unregulated verticals and the evolving role of digital currencies in gaming transactions.
Chelsie breaks down how Approvely uses stablecoins, not as a player-facing crypto requirement, but as a backend utility to enable ultra-fast card transaction settlements. The conversation also explores self-regulation in unregulated verticals like sweeps and DFS, where operators are quietly maintaining rigorous KYC/KYB protocols, geo-fencing, and real-time compliance oversight, dispelling the outdated "Wild West" narrative.
Finally, the two expose the often-overlooked cost burden of payment processing for online gaming operators, ranging from 7% to 14%. Chelsie shares how fraud models and tools to predict and prevent chargebacks before they occur, offering guaranteed settlements and boosting liquidity.
Host: Jessica Welman
Guest: Chelsie Cooper
Producer: Anaya McDonald
Editor: James Ross
iGaming Daily is also now on TikTok. Make sure to follow us at iGaming Daily Podcast (@igaming_daily_podcast) | TikTok for bite-size clips from your favourite podcast.
Finally, remember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.
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