Neteller out of the U.S. market: Will TradeSports / InTrade survive? (If “yes”, how???)

Yesterday, I asked:

What do you make of the Neteller announcement defining its position vis-a-vis the Unlawful Internet Gambling Enforcement Act of 2006? (Posted at CFM and at Midas Oracle)

This headline of the Online-Casino News website is bad omen for TradeSports / InTrade:

BAD NEWS FROM NETELLER

Isle of Man financial company will obey US rulings on online gambling transactions, but for now US players can continue to use the facilities

In an abrupt change of policy today (Thursday) NETeller, the Isle of Man registered online money transfer firm, said it would comply with new US regulations that prohibit internet gambling sites taking money from US residents.

About Chris F. Masse

Founder and President of Midas Oracle
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