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PayPal Restricts Some Accounts Over NCAA Bets -Bloomberg

DOW JONES NEWSWIRES EBay Inc.'s (EBAY) PayPal division has restricted some accounts due to wagering on the NCAA basketball tournament, Bloomberg News reported Wednesday. Some users received emails stating that "it has been determined that you are in violation of PayPal's Acceptable Use Policy regarding your sales/offers of March Madness sports pool," Bloomberg reported. The emails request that users sign an "Acceptable Use Policy affidavit" to regain full account access, Bloomberg reported. A PayPal spokeswoman declined to comment on how alleged gamblers were identified, Bloomberg reported. The spokeswoman said: "PayPal follows all the legal and regulatory rules in the U.S. as it relates to gambling." Full story at http://www.bloomberg.com/news/2012-03-14/ebay-s-paypal-restricts-accounts-used-in-march-madness-betting.html -Dow Jones Newswires; 212-416-2900

Stock News for Ebay Inc. (EBAY)
DateTimeHeadline
07/22/201614:10:00PayPal Shares Slide on Visa Deal
07/22/201603:02:00PayPal Strikes Partnership With Visa on Smartphone Payments...
07/21/201621:51:00PayPal Strikes Partnership With Visa--2d Update
07/21/201618:23:00PayPal Strikes Partnership With Visa--Update
07/21/201617:40:00PayPal Strikes Partnership With Visa
07/21/201617:34:00PayPal Strikes Partnership With Visa, Posts 15% Rise in Revenue
07/21/201617:10:12Quarterly Report (10-q)
07/21/201606:00:00Europe Stocks Inch Lower Before ECB Meeting
07/20/201618:34:00EBay Posts Second Straight Quarter of Sales Gains -- Update
07/20/201617:50:00EBay Again Posts Sales Gains
07/20/201617:08:00EBay Posts Second Straight Quarter of Sales Gains
07/20/201616:17:28Current Report Filing (8-k)
07/20/201616:15:00eBay Inc. Reports Second Quarter 2016 Results
07/18/201619:56:30Statement of Changes in Beneficial Ownership (4)
07/17/201622:30:00Losses Mount at Startup Copycat Specialist
07/17/201612:46:00Pokémon Go' Players Cash In
07/08/201609:50:00EU Competition Regulators Preparing Additional Charges Against...
07/01/201608:35:00On BizWireTV: Virtual Reality Enters the Classroom and the Top...
06/30/201607:30:00Scanning Specialty Retail, Other Equities -- Office Depot, Alibaba...
06/27/201612:00:00New York Yankees Announce Multi-Year Sponsorship Agreement with...

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