Barney Franks Payment System Protection Act (HR6870)

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&#8230- is a shitty bill&#8230- since it excludes sports betting.

RELATED: A news article (in French) implies, between the lines, that BetFair (who always respected the US laws) should be later granted a license to operate in the US, the day it becomes legal, while InTrade-TradeSports (who didn&#8217-t) should not be granted a license. Hummm&#8230-


THANKS: Tip via mister Emile of NewsFutures

Playing fantasy sports is not gambling. The Unlawful Internet Gambling Enforcement Act includes a specific exemption for fantasy sports, provided the prizes are determined in advance and the imaginary teams dont correspond to any real teams.

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New York Post

I expect TradeSports and BetFair to join this industry, one day.