March Payments Madness

Although most of the $8.5 billion in bets made during the NCAA Men’s Division 1 will be illegal, things are changing thanks to the Supreme Court’s decision last year to strike down the Professional and Amateur Sports Protection Act of 1992. The result? It is possible to bet on the games legally; however, there remain plenty of impediments and ambiguities in the way (depending on where you live). According to, the NCAA itself will have influence on one key challenge that caught our attention: payments—or specifically fast payments.