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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
02/21/201708:00:00eBay Partners with Snupps, A Social Organizing App, for Seamless...
02/16/201708:00:00eBay Advertising Survey Reveals Behavioral Shifts in Online Car...
02/14/201706:15:48Amended Statement of Ownership (sc 13g/a)
02/13/201712:01:00Aeropost.com And eBay Partner To Provide Latin American Shoppers...
02/10/201717:22:26Statement of Changes in Beneficial Ownership (4)
02/10/201717:17:38Statement of Changes in Beneficial Ownership (4)
02/09/201714:44:56Amended Statement of Ownership (sc 13g/a)
02/07/201710:00:00eBay Partners With WineDirect To Support Thousands Of Small And...
02/06/201717:19:41Automatic Shelf Registration Statement of Securities of Well-known...
02/06/201717:12:56Annual Report (10-k)
02/01/201706:00:00Ticketbis Rebranded to StubHub
01/31/201718:04:58Statement of Changes in Beneficial Ownership (4)
01/26/201719:26:00PayPal Results Climb on Increased Customers, Transactions...
01/25/201717:51:00EBay's Revenue Grows Again -- Update
01/25/201717:12:00EBay's Revenue Grows Again
01/25/201716:39:40Current Report Filing (8-k)
01/25/201716:30:00eBay Inc. Reports Fourth Quarter and Full Year 2016 Results
01/25/201708:29:00EBay Earnings: What to Watch
01/25/201703:03:00Ahead of the Tape: EBay Is Volatile, But Shares Are Still a Good...
01/24/201712:22:00EBay's Single Life Has Its Upgrades and Downs -- Ahead of the...

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