Tag Archives: federal law

The Case for Decrimininalization of Prediction Markets

[This article is cross-posted from Major Wager.] – A recent article in the prestigious academic journal Science (May 16, 2008, Vol 320, p. 877-8) once again makes the case for regulated prediction markets, more commonly known as “betting exchanges” to … Continue reading

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Bet America = Web-based betting on US horse racing

Via Simon Skinner’s comment, here… Bet America: BetAmerica.com is an online race wagering service of Lien Games Racing LLC, in association with Horse Race North Dakota, the licensed operator of North Dakota Horse Park. Licensed, based and regulated in the … Continue reading

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Ron Paul (R) and Barney Frank (D) ally together to attack “the practical hurdles of the federal law, known as the Unlawful Internet Gambling Enforcement Act, rather than its legitimacy”.

Via Nolan Chart, The Hill. The bankers‘ association cheers, but I see many lobbies (including the NFL) that prefer the status quo. -

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The sixth annual European i-Gaming Congress and Expo – at the Barcelona Diagonal Conference Centre

Online Casinos: [...] The complicated state of US law The always fascinating subject of American state and federal law as applied to online gambling was next on the agenda, with US gaming lawyer and respected author Martin Owens and the … Continue reading

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Antigua attorney speaks out on landmark WTO case.

4-page interview [...] In essence, if the United States was going to say that “remote” gambling was so bad that it was necessary to prohibit it across the board, then it indeed needed to be consistent about that, and not … Continue reading

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Betcha.com’s Hack of Anti-Internet Gaming Laws

Betcha.com recently began offering a U.S.-based, P2P, honor-based betting service. Its FAQ claims that Betcha.com avoids the reach of domestic state and federal anti-gambling laws because, “Unlike any other betting venue on the planet, Betcha bettors always retain the right … Continue reading

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Nick Jenkins welcomes you to Betcha.com, America’s first person-to-person betting site.

Betcha.com Betcha.com is the world’s first honor-based, person-to-person betting platform. We connect people who like to bet. Betcha works like an auction site, minus the hassles and inventory. As a Betcha bettor, you: (a) offer and accept bet propositions on … Continue reading

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Poker is a game of chance, not skill.

So has decided a British jury. Via the intrepid (but mute) Betting Market, of course. — Psstt… in passing: PokerStars, an Isle-of-Man based Internet site that has dealt 6 billion hands, said in October it would keep taking bets from … Continue reading

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WeatherBill contracts are financial instruments, regulated by the CFTC.

— Via Tech Crunch, Weather Bill is now open for business. This is their ABOUT page: WeatherBill sells Weather Contracts to eligible buyers. Weather Contracts can be used to protect your business from adverse weather conditions, by paying you when … Continue reading

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