NY Times: Online bets are becoming harder to collect

Matt Richtel writes about the inquiry by the New York attorney general’s office into the use of PayPal’s service for gambling.

Mr. Sinclair said that during the last year he received virtually no business plans for new online casinos but more than 100 business plans from people looking to find a way around the payment problem. “The opportunity to create the better payment mousetrap is just huge,” he said.

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