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Finance & Markets

BMO and Mastercard enable corporate card clients to manage virtual card payments

BMO and Mastercard today announced the availability of a new embedded Commercial payments capability that enables eligible Corporate Card clients to initiate and manage BMO Commercial virtual card payments directly within the software platforms they use to run their operations. Through this expansion, BMO becomes the first Mastercard issuer in Canada to offer an integrated embedded finance and…

We haven't written up this one. Finextra has the full story — the link below goes straight to it.

Read the original at finextra.com →

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Why prediction markets might take a bite out of New York's tax revenue

Online sports betting has generated over a billion in tax revenue for New York, but prediction markets could take a bite out of that.

  • Prediction markets, untaxed, could reduce New York's $328 million sports betting revenue.
  • 1% shift from sports betting to prediction markets could cost state $13 million.
  • New York lawsuit against Polymarket alleges threat to tax dollars and consumer exploitation.

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