EGBA asks Lithuania’s central bank to review Walletto over alleged services to illegal gambling sites in Europe

The European Gaming and Betting Association (EGBA) has asked the Bank of Lithuania to check the payment organisation Walletto after an investigation said the provider serves illegal sites in Europe. For high-risk PSPs, the point is simple: a regulatory review request from an industry body can quickly turn into an acquiring and onboarding problem.

1. According to the investigation cited in the original report, Walletto is allegedly servicing illegal gambling websites in Europe. The original text does not name the sites or give further detail on the payment flows involved.
2. EGBA has formally asked the Bank of Lithuania to review the payment organisation. That makes Lithuania the key jurisdiction in this case, at least from the regulatory side.
3. The issue matters well beyond this one provider because gambling payments sit in a familiar high-risk lane: once a PSP is linked to unlicensed activity, banks, acquirers, and downstream processors tend to reassess exposure fast.