My service collects payments as an agent in a two-sided network, and the amounts sit on our balance sheet as a liability. You can't ever book such funds as rev

My service collects payments as an agent in a two-sided network, and the amounts sit on our balance sheet as a liability. You can't ever book such funds as revenue, any auditor worth their accounting degree would smack you for that, so it can never contribute to income. Quoting a former manager of mine: "it's worse than illegal, it'd be a violation of accounting principles!" There's also very limited scope for investment. So it's pointless retaining such funds; we try to disburse at the earliest opportunity. I'd expect any successor entity to Tilt will remain liable. If Tilt are doing anything with the ridiculous "deadline", it's encouraging people to get that liability off their balance sheet. Speculation: perhaps some aspect of their acquisition deal is driving it, such liabilities might reduce TEV.