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Netbet has an operating license from the Malta Gaming Authority. It has also acquired licenses from the United Kingdom Gambling Commission and Alderney Gambling Control Commission. Other jurisdictions where it is allowed to operate include France, Germany, Romania, Belgium and Italy.

NetBet History\n\n NetBet, established in 2001, has held a European licence from Malta since 2006. Beginning life as a casino and poker company, Netbet had moved into sports betting sites when they garnered mainstream success in the UK.

Unless we've approved the seller, account holders may not use PayPal to send or receive payments for any form of gambling activities, including but not limited to: payments for wagers, gambling debts and gambling winnings, whether conducted online, in person or through any other means of communication.

Now, PayPal Will Report, Too\n\n But if you use PayPal as a cashout option, it will consider each withdrawal as a form of income. Unlike the reporting that the sports betting organizers have to do, third-party vendors will not calculate or offset your losses.