Paysafe Will Process for DraftKings UK

by Raymond Pucci 0

You can bet on this—DraftKings announced that it has selected Paysafe as its credit and debit card payments process in the UK market. As the following indicates, DraftKings has over 7 million registered players worldwide with a loyal following in soccer hotbed UK.

Daily Fantasy Sports platform DraftKings is expanding the lineup of its payment options in the United Kingdom through a partnership with Paysafe Group Plc (LON:PAYS).

Through this partnership, Paysafe will be the exclusive debit and credit card processor for DraftKings UK.

DraftKings currently boasts over 7 million registered players. More than 300,000 of them have played skill-based daily fantasy football games across a variety of leading leagues, including: Premier League; UEFA Champions League; UEFA Europa League; Major League Soccer; and Liga MX.

Jeffrey Haas, Chief International Officer of DraftKings said:

“Working with Paysafe, a world leader in digital payments, is an important step for us in our business growth. They are assisting us in meeting our customer demands while reaching an ever-increasing number of players.”

Neil Erlick, Executive Vice President, Business Development at Paysafe added:

“As a payments provider with considerable sector expertise across many rapidly-evolving industries, we are pleased to be enabling more ways in which DraftKings’ customers can pay to play. Helping the businesses we work with grow their payment options in existing and new markets is central to what we do.”

DraftKings and Daily Fantasy Sports rival, FanDuel, have run into a government regulatory prevent defense in the US as several states’ Attorney Generals have either halted or slowed the business growth for these fantasy sports sites. New York State has effectively halted any sports action for the companies until September, when court proceedings on the legal aspects will take place. DraftKings and FanDuel are hoping that the full court press against them will be lifted in time for the lucrative beginning of NFL season as well as World Series action.

Overview by Raymond Pucci, Associate Director, Research Services at Mercator Advisory Group

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