by Wicked Chops Entity on 10.19.2009 in
Poker News | no comments
You will now be able to use PayPal to bet on sports, like games with Romanela Amato's (above) boyfriend Javier Saviola's ex-team, Real Madrid.
Chalk up yet another one for the, “Hey, looks like online poker is gonna be 100% legit in the U.S. soon…” argument.
PayPal, which is owned by eBay, which historically was a major lobbyer to get anti-egaming payment processing legislation passed, has signed a deal with Neovia, which is the parent company of Neteller, which was once the largest online gaming payment processor. Yep.
The deal enables PayPal to be used as a payment options on eGaming sites that use Neovia’s Netbanx.
Internationally, PayPal has slowly been making more and more re-entries into eGaming, including a deal with PKR.
PayPal withdrew its services from the online gaming industry in 2002. Now PayPal general manager for merchant services Cameron McLean says this Neovia deal, “offers PayPal an excellent way to reach this significant audience.”
Read more about the PayPal-Neovia deal here.
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Looks like the entities will be heading off to the beach house in the Maldives soon.
Announced today, Neteller has signed an agreement with the US Attorney’s Office for the Southern District of New York that requires it to admit to criminal wrongdoings, forfeit $136 million to the US, be monitored for 18 months and “fully implement procedures and controls to prevent illegal transactions between internet gambling merchants and persons located in the US,” among other things. In return, the USAO will defer all criminal prosecution against the British-based online payment processor.
Neteller has also agreed to return the $94 million it had been holding for/from US customers and will begin accepting withdrawal requests from US customers by no later than July 30, 2007. The exact date will be communicated via email and through the Neteller website.
For Neteller’s full press release on the agreement, after the jump below.
For past stories on the Neteller shakedown, go here.
For Naomi Millbank-Smith‘s take on the agreement, if talking about her new 34 FFs (seen above) counts as such, go here.
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In a “what the fuck” move but it all makes sense for an inept, greedy monopoly, online auction behemoth eBay has thrown its support behind Chairman Mao Goodlatte’s bill (H.R.4411) to ban Internet gambling, which passed yesterday in the House by a vote of 317 to 93.
Even more shocking though is that eBay wants to go further than Kim Jong-bob‘s legislation and have online gamblers prosecuted. Yes, eBay apparently wants you arrested for playing online poker.
Why would an online site which owns PayPal support congressional regulation of online activity and go as far as wanting law enforcement officials to monitor everyone’s online activity, including tracking IP addresses?
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