“PayPal froze my account for 180 days. A month later they seized the $1,660 balance and claimed it was for damages because an owner had put fantasy football in the comments,” one person tweeted in a reply to Fish. “Venmo is now owned by PayPal and has the same terms of service prohibiting fantasy sports. Beware!”
“They seized thousands, not hundreds,” another person posted. “PLEASE DO NOT USE PAYPAL even if your state approved sports betting it is still a violation I learned.”
One source operating a small business similar to the Daily Racing Form in horse racing that would send out handicapping information for races told TheLines his
PayPal account was shut down and funds frozen as well. Horse racing is legal, and according to the source, he was not taking bets, only selling horse racing handicapping information sheets."
https://www.thelines.com/paypal-laws...neymaker-2022/
