PayPal set to enter US iGaming market

PayPaliGaming Business – Internet payment processor PayPal is set to enter into the regulated online gambling market in the US, according to various media reports.

Although the company is yet to make an official announcement in regards to its plans, various reports have said that PayPal will begin processing payments for licensed online poker and casino sites in the regulated US states of Nevada, New Jersey and Delaware in the coming months.

PayPal previously announced that it would not process any online gambling transactions, a stance it has so far upheld.

The internet payment processor currently has more than 150 million customers around the world and the addition of PayPal to the regulated US online gaming market could help attract new players and increase website traffic.

SOURCE

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