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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
01/06/201716:49:00SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with...
01/05/201716:00:00eBay Partners With theSkimm To Make Selling Easier And More Meaningful...
01/05/201716:00:00eBay Partners With theSkimm To Make Selling Easier And More Meaningful...
12/28/201617:09:00SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifes...
12/15/201605:59:00As Last-Minute Shoppers Go Online, Retailers Brace for Trouble
12/14/201609:03:00StubHub Releases Second Annual Year in Live Events Report: In...
12/12/201613:58:00High Court Sidesteps Fight on Online Sales Tax Rules -- 2nd Update
12/12/201611:23:00High Court Sidesteps Fight on Online Sales Tax Rules -- Update
12/12/201611:00:00High Court Sidesteps Fight on Online Sales Tax Rules
12/12/201610:40:00High Court Sidesteps Fight on Online Sales Tax Rules
12/08/201608:50:00Startup Swap.com Raises $20 Million in Financing
11/29/201608:00:00eBay Celebrates #GivingTuesday With Hundreds of Unique Items...
11/28/201618:20:00Allstate to Acquire Squaretrade in $1.4 Billion Deal
11/23/201608:08:00On BizWireTV: Black Friday Shopping Expected to Break Records...
11/10/201611:00:00BigCommerce and eBay Deliver Solution for Omni-Channel Selling
11/07/201609:00:00eBay’s New Holiday Campaign Captures the Emotion and Excitement o...
11/03/201621:30:00EBay Boosts Earnings View Due to Sale of More MercadoLibre Shares
11/03/201619:47:00EBay Boosts Earnings View Due to Sale of More MercadoLibre Shares
11/03/201617:11:07Current Report Filing (8-k)
11/03/201611:40:00Google Hits Back at EU Over Antitrust Charges

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