Nuvei receives license to process sports betting payments in Colorado

Nuvei, a global payment technology partner of thriving brands, announced on Tuesday that it has received its sports betting vendor license from Colorado’s Division of Gaming. 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 last month, Nuvei will now be able to offer its full-service payment solutions, including Cashier – its innovative and customizable 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 U.S. sports betting industry.

Sports betting was legalized in Colorado as of May 1 of this year after approval by state voters in November 2019. Legal bets must be placed with authorized sportsbooks and operators.

Nuvei can now provide gaming operators and companies with seamless 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.

"This approval will continue to fuel our expansion as we look to grow our iGaming footprint in the U.S.," said Philip Fayer, Nuvei’s chairman and CEO. "We are extremely honored to be able to support Colorado gaming operators as they look to process their customers’ sports betting payments securely and with ease."