|
|
 |
|
#1
07-17-2009, 08:05 AM
|
||||
|
||||
Interesting Money piece on Betfair's vision for U.S. gaming
Online gambling for the Facebook generation
U.K.-based Betfair is betting that the U.S. market will be legalized sooner rather than later. By Michael V. Copeland, senior writer http://money.cnn.com/2009/07/14/tech...ion=2009071416 NEW YORK (Fortune) -- If your favorite book happens to be Seabiscuit, you already know the answer to the following question: What are the three legal forms of online gambling in the United States? The Federal Unlawful Internet Gambling Enforcement Act, passed in 2006, put the kibosh on all kinds of online gambling, with the exception of fantasy sports, online lotteries, and horse/harness racing. It actually wasn't the betting that was outlawed, but the transfer of money from a bank to an online gambling site. In any event, for online betting houses in the U.S., the party was over -- sort of.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. 
|
| Thread Tools | |
| Display Modes | |
|
|
Threaded Mode