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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
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01/21/201521:28:12EBay Announces Job Cuts, Icahn Pact With Earnings--4th Update
01/21/201517:44:50EBay Announces Job Cuts, Icahn Pact With Earnings--3rd Update
01/21/201517:33:39EBay Announces Job Cuts, Icahn Pact With Earnings--2nd Update
01/21/201517:20:26EBay Announces Job Cuts, Icahn Pact With Earnings--Update
01/21/201517:01:27EBay Announces Job Cuts, Icahn Pact
01/21/201513:26:15Split Details May Overshadow eBay Results--Earnings Preview
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01/12/201520:44:24Rebuilding History's Biggest Dot-Com Bust
12/18/201417:50:19MSG to Consider Further Breakup
12/10/201417:59:11EBay Mulling Thousands Of Job Cuts Early Next Year--Sources
12/08/201418:55:23TECH STOCKS: EBay Shares Rise On Ratings Upgrade
12/03/201423:22:20Sweden's Klarna to Invest $100 Million in U.S. Launch
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11/18/201414:23:42Soon to Be Single, eBay Gets Back to Shopping

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