PayPal is moving back into the online gambling market
Payment solutions provider PayPal is moving back into the online gambling market, and in a big way, after inking a deal with e-wallet provider Neovia. The deal means PayPal will be offered as a payment method to gamblers who use Neovia’s Netbanx payments system. However, PayPal will not accept bets from users based in the United States. The deal was lauded by general manager for merchant services Cameron McLean as one that would offer “PayPal an excellent way to reach this significant (gambling) audience.” 
Welcome Back!! PayPal has stayed largely away from online gambling since a 2002 decision by its parent company eBay after the United States government accused it of violating the law by transferring funds to offshore gambling websites. PayPal was withdrawn from the sector in 2002 by parent company eBay, the US government later alleging it had violated the Patriot Act and the Wire Wager Act by knowingly transferring funds to offshore gambling sites. eBay paid the US government US$10m in a settlement in in 2003. PayPal will not accept US bets under the new arrangement. (Not yet)