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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
05/27/201606:00:00Summer Airline Travel Expected to Soar to New Heights and More...
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05/10/201619:51:01Statement of Changes in Beneficial Ownership (4)
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05/06/201606:00:00On the Latest BizWireTV Berkshire Hathaway’s Annual Shareholders Me...
05/04/201614:11:00StubHub Unveils New Vision and Brand Identity
05/03/201619:44:39Statement of Changes in Beneficial Ownership (4)
05/03/201619:33:07Statement of Changes in Beneficial Ownership (4)
05/03/201619:30:22Statement of Changes in Beneficial Ownership (4)
05/03/201618:18:05Statement of Changes in Beneficial Ownership (4)
05/03/201618:14:16Statement of Changes in Beneficial Ownership (4)
05/02/201619:00:00eBay Celebrates the Launch of Its Wine Category with Exclusive...
05/02/201614:06:00eBay Recognizes the Best and Brightest of Their Seller Community...

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