Ep 556: Approvely’s CEO Destroys the Big Myths in US iGaming Payments

In today's episode of iGaming Daily, Jessica Welman, Managing Editor at SBC Media is joined by Chelsie Cooper, CEO of Approvely, for an eye-opening deep dive into the realities of the US online gaming ecosystem. Sponsored by Optimove, this episode challenges long-held assumptions about regulated verses unregulated verticals and the evolving role of digital currencies in gaming transactions. Chelsie breaks down how Approvely uses stablecoins, not as a player-facing crypto requirement, but as a backend utility to enable ultra-fast card transaction settlements. The conversation also explores self-regulation in unregulated verticals like sweeps and DFS, where operators are quietly maintaining rigorous KYC/KYB protocols, geo-fencing, and real-time compliance oversight, dispelling the outdated "Wild West" narrative.Finally, the two expose the often-overlooked cost burden of payment processing for online gaming operators, ranging from 7% to 14%. Chelsie shares how fraud models and tools to predict and prevent chargebacks before they occur, offering guaranteed settlements and boosting liquidity. Host: Jessica WelmanGuest: Chelsie CooperProducer: Anaya McDonaldEditor: James RossiGaming Daily is also now on TikTok. Make sure to follow us at iGaming Daily Podcast (@igaming_daily_podcast) | TikTok for bite-size clips from your favourite podcast. Finally, remember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.