Source-of-Funds Requests at Crypto Sportsbooks: When They Come and What Satisfies Them

Identity checks confirm who a bettor is. Source-of-funds checks ask a harder question, namely where the money in the account came from. Crypto sportsbooks send these requests far less often than ID checks, yet they tend to appear at sensitive moments, such as a large withdrawal or a sudden jump in deposits. Vague answers can hold a payout for weeks. Bettors who understand the usual triggers and the documents compliance teams accept can turn a stressful email into a routine one. Compliance teams use two related terms, and requests sometimes mention both. The table sets out the difference.

Source: Crypto Daily