Paysafe Collaborates With Fubo Gaming Over Sports Betting Payments - Paysafe (NYSE:PSFE), FuboTV (NYSE:FUBO)

Specialized payments platform Paysafe Ltd PSFE collaborated with sports-first live TV streaming platform FuboTV Inc FUBO subsidiary Fubo Gaming.
Fubo Gaming's mobile sportsbook, Fubo Sportsbook, will plug into Paysafe for credit and debit card payments, the Skrill USA digital wallet, Paysafecard, and Paysafecash eCash solutions.
Fubo Sportsbook users will be able to fund a deposit via credit card, debit card, or ACH bank transfer from a checking or savings account via Paysafe's payment gateway.
Bettors will also use Skrill USA for fast and secure deposits from their digital wallet account into their Fubo Sportsbook account.
Paysafe will facilitate bettors with payouts between ACH withdrawals or Skrill USA's digital wallet, which will help transfer winnings in real-time to players' bank accounts. Bettors can also use the Skrill Visa Prepaid Card to withdraw winnings as cash from an ATM.
The launch is likely by Q4 2021, subject to regulatory approvals.
Price Action: PSFE shares traded higher by 1.85% at $7.7 in the premarket session on the last check Thursday.