PayPal is the Nasdaq-listed digital payments company headquartered in San Jose, California, whose wallet is accepted for deposits and withdrawals by licensed online gambling operators in markets where PayPal permits gambling merchants, including Britain, several European countries and a growing number of American states. It also owns Venmo, Braintree and Xoom, and its acceptable use policy for gambling requires operators to hold a licence in the market served and to be approved for the vertical.
Kalshi has almost doubled its valuation in under six months with a $1 billion Series G co-led by Wellington and Sequoia. The round was announced a day after Utah filed felony charges against the exchange and both co-founders, and the company's pitch to investors leans on its business beyond sport.
The Dutch regulator says licensed operators must match a player's full first names and surname against the name on the bank account, after an investigation found minors depositing from their own accounts and from youth accounts. Players verified the old way must be checked again.
A concrete recycler's tower beside I-94 has been painted Polymarket blue and lettered with the platform's name. The city says adverts on water towers need a permit, there is none on file, and its buildings department is sending an inspector out with a "possible correction order". The stunt lands in the one state where Polymarket has already lost in federal court and its rival Kalshi is under a state injunction.
The programme lets developers publish unfinished apps without public ratings or reviews. Researchers say that is exactly why it is filling with "ghost casinos" and reward games that never pay out, promoted on TikTok and Facebook with deepfaked celebrities. One had more than a million downloads and not one review. Google says it is investigating.
The federal regulator moved for a preliminary injunction on 11 September, with Robinhood pressing to join the case and Crypto.com taking the Nevada question to the Supreme Court. Connecticut's responses are due on 2 October.
UKGC intensifies black market disruption. Q4 sees record referrals & 214 site removals. Geo-blocking proving effective against illegal gambling operators in the UK.
DraftKings is set to ban the use of credit cards for deposits on its US sportsbook and online casino platforms from 25 August. The company has framed the move
Veikkaus, the Finnish state-owned gambling operator, has announced the appointment of Jyri Lassi, a former Vice President at PayPal and an experienced legal