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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
07/02/201519:45:13Statement of Changes in Beneficial Ownership (4)
07/02/201519:41:16Statement of Changes in Beneficial Ownership (4)
07/02/201519:37:29Statement of Changes in Beneficial Ownership (4)
07/02/201519:33:45Statement of Changes in Beneficial Ownership (4)
07/02/201519:25:01Statement of Changes in Beneficial Ownership (4)
07/02/201519:21:07Statement of Changes in Beneficial Ownership (4)
07/01/201519:30:38PayPal to Buy Money Transfer Company Xoom
07/01/201518:26:14PayPal to Buy Money Transfer Company Xoom -- Update
07/01/201518:14:48PayPal to Buy Money Transfer Company Xoom
07/01/201517:32:00PayPal to Acquire Xoom
07/01/201517:31:49Statement of Changes in Beneficial Ownership (4)
06/30/201514:21:03Stocks to Watch in E-Commerce: eBay (and PayPal)
06/30/201508:37:18Current Report Filing (8-k)
06/29/201515:21:00eBay Delivers “Hot Deals for Hot Days” Giving Shoppers Incredible Dis...
06/26/201516:23:00eBay Inc. Board of Directors Approves Completion of eBay and...
06/24/201507:00:23EU Launches E-Commerce Sector Probe
06/23/201522:59:26Alibaba Sells U.S. Subsidiary 11 Main to U.S. E-commerce Firm...
06/23/201515:32:36Alibaba Sells U.S. Subsidiary 11 Main to U.S. E-commerce Firm...
06/23/201514:50:42EBay Bans Sale of Confederate Merchandise
06/23/201514:45:11EBay Bans Sale of Confederate Merchandise on Its Site

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