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Friday, March 31, 2023

Paysafe (NYSE: PSFE) Announces Partnership with Fubo Gaming

Paysafe Limited (NYSE: PSFE) disclosed that it has entered into a partnership agreement with Fubo Gaming which is the Chicago-based division of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO).

As per the collaboration, the mobile sportsbook of Fubo Gaming, Fubo Sportsbook, will plug into Paysafe for credit and debit card payments, the Skrill USA digital wallet, and Paysafecard and Paysafecash eCash solutions. Fubo Sportsbook is anticipated to introduce in Q4 2021 depending on getting necessary regulatory clearances.

Fubo Sportsbook users will be able to enjoy the opportunity to smoothly fund a deposit via credit card, debit card, or ACH bank transfer from a checking or savings account. It also offers an opportunity to Bettors to use Skrill USA to make quick and safe deposits from their digital wallet account into their Fubo Sportsbook account.

Furthermore, Paysafe will make it easier for payouts, with bettors who can choose between ACH withdrawals or Skrill USA’s digital wallet. It will allow winnings to be transferred in real-time to players’ bank accounts. On the other hand, they can use the Skrill Visa Prepaid Card to revoke winnings as cash from an ATM.

In addition to its licenses and market access pacts in Arizona via Ak-Chin Indian Community and Iowa via Casino Queen, Fubo Gaming has also received market access pacts in Pennsylvania via The Cordish Companies as well as Indiana and New Jersey via Caesars Entertainment Inc.

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