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In order to qualify for PayPal online gambling, a site needed to operate only in jurisdictions where online gambling was fully legal and regulated, thus excluding nations such as the United States. The sites must also be registered to operate in those jurisdictions.
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In 2024, the projected revenue in the Esports Betting market is estimated to reach US$2.1bn. This market segment is expected to exhibit an annual growth rate (CAGR 2024-2028) of 9.22%, which would lead to a projected market volume of US$3.3bn by 2028.
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