In the past few days, a few U.S. online gambling websites have started to accept PayPal—a first in more than a decade. Yet the payments company had been very quiet about it, initially releasing very limited information about the shift.
The two screen shots below are from just this past week, showing that PayPal is brand new to the sites, including WSOP dot com and DerbyGames dot com. Caesars Interactive Entertainment (CIE) is the owner of WSOP dot com, while Derby Games is a start-up offering regulated online gambling in the U.S., primarily horse race betting.
First news of the quiet—but potentially massive—shift was reported by iGaming Business. PayPal has been widely available on foreign gaming sites, but this is the first time it has been seen in the U.S. since the early 2000s,
The company hadn't supported online gaming in the U.S. since 2003, as a result of increased regulation and its merger with eBay. Prior to that, however, PayPal had been processing online gaming—when it was an independent company. "At the time, it was the largest transactor for global online gambling," said one gaming insider who didn't want to be named due to PayPal's request for no PR.
Continue reading here ... source
The two screen shots below are from just this past week, showing that PayPal is brand new to the sites, including WSOP dot com and DerbyGames dot com. Caesars Interactive Entertainment (CIE) is the owner of WSOP dot com, while Derby Games is a start-up offering regulated online gambling in the U.S., primarily horse race betting.
First news of the quiet—but potentially massive—shift was reported by iGaming Business. PayPal has been widely available on foreign gaming sites, but this is the first time it has been seen in the U.S. since the early 2000s,
The company hadn't supported online gaming in the U.S. since 2003, as a result of increased regulation and its merger with eBay. Prior to that, however, PayPal had been processing online gaming—when it was an independent company. "At the time, it was the largest transactor for global online gambling," said one gaming insider who didn't want to be named due to PayPal's request for no PR.
Continue reading here ... source
