PayPal is cracking down on March Madness gambling

Mar 15, 2012 - 15:15
Nov 1, 2015 - 14:20
 0  1
PayPal is cracking down on March Madness gambling
EBay’s PayPal Restricts Accounts Used in March Madness Betting

If your NCAA pool has a bigger prize than bragging rights or a round of beers, make sure you don't use PayPal for those basketball-based transactions. Bloomberg Business Week says that the eBay-owned online payment company will restrict the accounts of any users they think are sending or receiving March Madness-related money. PayPal's user agreement (the one you totally read through line-by-line before clicking "Agree," right?) prohibits anyone from using the service for "activities that involve gaming and/or any other activity with an entry fee or a prize."

PayPal wouldn't say how they plan to ID any "alleged gamblers" but we're guessing it involves reading things like "TOLD YOU NOT TO PICK NORFOLK STATE" in the payment description.

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Mike Gallagher Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.