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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
02/09/201609:50:00PayPal Names New Technology Chief
02/09/201609:40:00PayPal Names New Technology Chief
02/08/201611:07:00StubHub Launches a Revolutionary New Ticketing Platform for Rights...
02/05/201614:50:00At Silicon Valley Super Bowl, Paper Is Just the Ticket
02/03/201618:03:20Statement of Changes in Beneficial Ownership (4)
02/03/201617:55:54Amended Statement of Beneficial Ownership (3/a)
02/03/201617:25:16Statement of Changes in Beneficial Ownership (4)
02/01/201612:30:00StubHub Rolls Out New Ticket Recommendation and Instant Relist...
02/01/201608:00:00eBay Celebrates Valentine’s Day with Exclusive Charity Auctions...
01/29/201607:40:00Xerox To Split Up, Makes Deal With Carl Icahn
01/28/201620:22:00Xerox to Split in Two; Carl Icahn to Get Three Board Seats
01/28/201617:00:00Amazon Reports Best Quarterly Profit Ever
01/28/201609:48:00U.S. Hot Stocks: Hot Stocks to Watch
01/27/201619:38:00PayPal Opens Venmo App to Online Stores as Results Beat Expectations...
01/27/201618:57:00Ebay Reports Another Drop in Revenue -- 2nd Update
01/27/201617:30:00PayPal Results Beat Expectations as User Accounts Climb
01/27/201617:25:00PayPal Results Beat Expectations as User Accounts Climb
01/27/201617:10:00Ebay Reports Another Drop in Revenue
01/27/201617:06:00Ebay Reports Another Drop in Revenue--Update
01/27/201616:52:00Ebay Reports Another Drop in Revenue

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