DraftKings offers gift cards; FCA extends crypto deadline in U.K.

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Russian hackers target Australian consumers; and other information you need to start your day, from PaymentsSource and around the web.

The information you need to start your day, from PaymentsSource and around the web:

Gambling on a gift

DraftKings is looking to boost visibility as sports betting expands, and is adding a gift card to the mix.

The sports gaming service will offer the cards at retailers, partnering with InComm, which has a network of more than 1,000 retailers and about 500,000 distribution points. DraftKings offers sports betting in ten states, but that should expand as more states legalize the practice, reports Casino.org.

The cards are plastic-only at this point — there's no mobile card and can also be used for non-gambling products. 7-Eleven, Dollar General, Speedway and Sheetz are among the retailers at launch.

If Thor asks for your number...

Russian hackers are reportedly involved in a scam that uses images of famous Australians to lure mostly local victims into a fake cryptocurrency scheme, a scam similar to a recent Twitter hack that used unwitting celebs as a lure.

The hackers produced hundreds of websites to promote the scam, explains Coindesk, adding the sites have unauthorized images of Australian actor Chris Hemsworth and other famous Australians such as business figures Dick Smith and Andrew Forrest.

Clicking on the image takes people to a "cryptocurrency investment" page, where they are asked for their phone number and $250. Some victims later get a call from the scammers to ask for more money. The scam is apparently so geographically large it's hard for Australian regulators to track the hackers, who are based in another country.


The Financial Conduct Authority says U.K. cryptocurrency firms will have to register with the regulator by Jan. 10, or return funds to consumers and cease trading.

The deadline's not as tight as it appears, as the FCA originally set a deadline for Dec. 15, reports Finextra. The FCA took over money laundering oversight in January 2020 and needs a register of firms to ensure compliance.

The pandemic created a backlog and an aversion to office visits to process applications in person, necessitating the delayed deadline.

Currency for crypto

Shortly after investing in digital ID firm Truework, American Express Ventures has poured funds into cryptocurrency firm FalconX.

FalconX provides a platform for trading, credit and clearing, positioning itself as a single stop for financial institutions to execute cryptocurrency transactions.

The size of Amex's investment was not disclosed. FalconX reports 350% revenue growth since May and 250 clients, up from less than 100 in May, attributing the expansion to the popularity of cryptocurrency as a hedge against inflation.

From the web

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