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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
03/21/201713:25:00The Los Angeles Angels Reach Agreement with StubHub to Become...
03/20/201709:00:00eBay To Roll Out Guaranteed Delivery For 20 Million Items
03/17/201718:52:05Statement of Changes in Beneficial Ownership (4)
03/17/201718:50:10Statement of Changes in Beneficial Ownership (4)
03/17/201718:47:17Statement of Changes in Beneficial Ownership (4)
03/17/201718:44:25Statement of Changes in Beneficial Ownership (4)
03/17/201718:41:58Statement of Changes in Beneficial Ownership (4)
03/17/201718:39:44Statement of Changes in Beneficial Ownership (4)
03/17/201718:37:04Statement of Changes in Beneficial Ownership (4)
03/17/201718:33:50Statement of Changes in Beneficial Ownership (4)
03/17/201718:30:35Statement of Changes in Beneficial Ownership (4)
03/17/201718:28:05Statement of Changes in Beneficial Ownership (4)
03/16/201708:00:00eBay Announces New Advertising Strategy
03/13/201714:00:00Visa & StubHub Achieve Perfect Harmony in Austin
03/13/201710:12:00StubHub Named Official Event Ticketing Partner of Bleacher Report
03/03/201718:49:21Statement of Changes in Beneficial Ownership (4)
03/03/201718:28:20Statement of Changes in Beneficial Ownership (4)
03/03/201718:14:36Statement of Changes in Beneficial Ownership (4)
03/03/201718:03:38Statement of Changes in Beneficial Ownership (4)
03/03/201717:54:51Statement of Changes in Beneficial Ownership (4)

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