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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
04/28/201611:00:00eBay Launches Wine Experience to Give Shoppers a New Way to Find...
04/27/201620:21:00PayPal Profit, Revenue Rise as It Looks to Stand Out in Crowded...
04/27/201617:10:00PayPal Profit and Revenue Rise
04/27/201617:06:00PayPal Profit and Revenue Rise
04/27/201615:24:23Current Report Filing (8-k)
04/27/201606:03:56Quarterly Report (10-q)
04/26/201617:53:00EBay Tops Expectations as Sales Rise
04/26/201616:22:28Current Report Filing (8-k)
04/26/201616:15:00eBay Inc. Reports First Quarter 2016 Results
04/21/201607:10:00PayPal to Lead $30 Million Funding Round for Acorns Grow
04/18/201612:59:32Additional Proxy Soliciting Materials (definitive) (defa14a)
04/14/201613:00:00eBay Motors Reveals the Factors Behind America’s Aging Car F...
04/12/201609:40:00Facebook, Microsoft Say They Pay Women, Men Equally
04/12/201609:29:00Facebook, Microsoft Say They Offer Equal Pay to Women, Men
04/08/201617:00:34Statement of Changes in Beneficial Ownership (4)
04/08/201615:36:53Additional Proxy Soliciting Materials (definitive) (defa14a)
04/07/201610:00:00eBay and BigCommerce Partner to Streamline Online Selling Across...
04/05/201619:51:11Statement of Changes in Beneficial Ownership (4)
04/05/201619:49:47Statement of Changes in Beneficial Ownership (4)
04/05/201619:48:24Statement of Changes in Beneficial Ownership (4)

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