Share:
POST
TWEET
SHARE
SHARE
EMAIL

Will PayPal bet on gambling as new revenue source?

By Dan Wilson September 8, 2015 - 11:04 pm

When eBay acquired PayPal back in 2002 one of the first things they did was shut down PayPal as a payment method for gambling and adult sites.

Clamping down on gambling was a decision largely based on the legal and regulatory issues that surround gambling websites, particularly in the US where gambling is much more heavily regulated than in Europe. The issues surrounding adult sites and services were, I recall thinking at the time, more a prurient reflection of the fairly staid morality of eBay’s top table. And, fair to say, there are potential legal issues too.

But the newly independent PayPal would seem to be reassessing the potentially lucrative possibilities of powering gambling once more in The US.

Caesars Interactive Entertainment (CIE) is now the first US-licensed online gaming firm to offer PayPal and it will be available on their CaesarsCasino.com, HarrahsCasino.com and WSOP.com sites. We’ll see what follows.

  • john
    6 years ago

    UK Bingo sites have taken paypal for years. Some have roulette and scratch cards so its gambling

  • JD
    6 years ago

    PayPal can be used as a funding source for Betfair – and it has been so for a considerable time.

    Full on gambling I would say!!

  • 6 years ago

    As a strong advocate of anti-gambling campaigns, I do not agree with this. This is just my opinion

Featured in this article from the Tamebay Guide – companies that can help you grow and manage your business.

PayPal

PayPal Working Capital is a merchant cash advance linked directly to your PayPal account.

See More Companies >

Recent Comments

10 hours ago
Rob: @Alan I could not survive on my website alone yet but its doing ok and...
13 hours ago
Alan Paterson: @ Rob, its good that you are able to compete with ebay in terms of...
16 hours ago
Alan Paterson: All becomes clear as to WHY Amazon has been using this VTR crap. Without Valid Tracking...
17 hours ago
Rob: The big difference between own website and ebay, on ebay I have to deal with...