Prediction markets, online betting, TikTok gifting, and digital rewards programs implement money movement in some way, but do they count as fintechs or apps with payment functionality? When do these technologies cross the line into financial service providers? On 12 May, Managing Director Ling Ling Ang will speak at the 10th Annual Legal, Regulatory and Compliance Forum on FinTech and Emerging Payment Systems during the panel “Think Tank: When Does Money Movement Cross the Financial Services Line?” with McDermott Will & Schulte Partner Adam Barazani and Change Agents Co-Founder and CEO Michelle Ann Gitlitz. Their session will look at the ways this industry may be growing and shifting as new players enter the market.

Key topics will include:

• The influx of digital gambling and prediction market companies and how they intersect with the fintech space, including the CNN/Kalshi deal and Polymarket;

• How social media apps like TikTok facilitate the movement of money;

• How services like DoorDash and Uber fit into the industry;

• A comparison of new technologies to existing fintech platforms;

• Starbucks as an example of a company that declined becoming a bank; and

• The intersection of DeFi and financial services, including self-custody wallets, cashless and bank-less systems, and customer sophistication versus consumer protection.