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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
08/29/201612:00:00StubHub Becomes Exclusive Ticket Marketplace of Naval Academy...
08/26/201618:41:17Statement of Changes in Beneficial Ownership (4)
08/26/201616:18:08Securities Registration: Employee Benefit Plan (s-8)
08/24/201619:48:10Statement of Changes in Beneficial Ownership (4)
08/22/201617:00:00StubHub Becomes Official Ticket Marketplace of Boston College...
08/12/201617:07:48Statement of Changes in Beneficial Ownership (4)
08/12/201617:03:49Amended Statement of Changes in Beneficial Ownership (4/a)
08/11/201610:10:00Bill Miller Buys Out Legg Mason's Interest in His Funds
08/03/201618:02:12Statement of Changes in Beneficial Ownership (4)
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08/03/201617:40:17Statement of Changes in Beneficial Ownership (4)
08/03/201612:00:00Karen Harvey Consulting Group Announces The 3rd Annual Fashion...
08/01/201603:02:00Pact With Visa Puts PayPal on Defensive -- WSJ
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07/31/201621:28:00Pact With Visa Puts PayPal on Defensive
07/29/201609:00:00eBay Announces the Winners of Its First Annual SHINE Awards
07/29/201608:00:00eBay Partners With Designer Rachel Zoe to Culminate “Summer o...
07/27/201619:14:41Statement of Changes in Beneficial Ownership (4)
07/27/201619:07:40Statement of Changes in Beneficial Ownership (4)
07/27/201619:00:07Statement of Changes in Beneficial Ownership (4)

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