PayPal strikes multi-year deals with Big Ten, Big 12 for student-athlete payments

PayPal"s Stock Tumbles On Poor Quarterly Earnings Report

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PayPal Holdings (NASDAQ:PYPL) has entered multi-year agreements with the Big Ten and Big 12 conferences to enable universities to compensate student-athletes through PayPal exclusively, it said on Thursday.

The move comes after a recent court decision in the House v. NCAA

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