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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
03/27/201518:41:14MSG Files to Separate Its Sports, Entertainment Businesses...
03/26/201510:00:00Modmerica Group Chooses eBay Enterprise for Fulfillment and Freight
03/26/201506:31:02Wall Street Breakfast: Crude Surges On Yemen Tensions
03/26/201503:06:58PayPal settles sanctions violations
03/25/201518:54:07PayPal to Pay $7.7 Million to U.S. Over Alleged Sanctions Violations...
03/25/201516:27:52Initial Statement of Beneficial Ownership (3)
03/25/201516:06:24PayPal to Pay $7.7 Million to U.S. Over Alleged Sanctions Violations
03/25/201507:41:293 Companies Fighting Conventional Wisdom - Cramer's Mad Money...
03/24/201511:00:00Magentoâs Momentum Continues with Launch of Program For Fast-Growing C...
03/24/201506:31:21Wall Street Breakfast: China Growth Worries Surface Again
03/24/201503:03:11Schulman, Wenig to receive $14M in annual pay
03/23/201520:08:25U.S. Firms Summon More of Their Foreign Profit Home
03/23/201518:23:12EBay Names 2 New Directors to Its Board -- 2nd Update
03/23/201517:01:08Current Report Filing (8-k)
03/23/201516:35:57Proxy Statement (definitive) (def 14a)
03/23/201516:05:01Facebook Inc's New Service Could Disrupt PayPal and Square
03/23/201510:41:45EBay Names 2 New Directors to Its Board -- Update
03/23/201510:36:50EBay Names 2 New Directors to Its Board -- Update
03/23/201510:23:23EBay Names 2 New Directors to Its Board
03/23/201510:11:16eBay adds GoPro, Red Cross execs to board

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