Sunday, August 20, 2006
Arrest, bill won't deter online gambling
The Wire Act of 1961 makes it illegal to bet online. But the law is nearly impossible to enforce, and nearly 80 countries allow wagers online. The $12 billion industry is expected to soar to $24.5 billion by 2010, says researcher Christiansen Capital Advisors.
Because BetOnSports is a regulated UK firm, the U.S. government can do little, says Ken Dreifach, an Internet lawyer who once worked for New York state Attorney General Eliot Spitzer.
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Because BetOnSports is a regulated UK firm, the U.S. government can do little, says Ken Dreifach, an Internet lawyer who once worked for New York state Attorney General Eliot Spitzer.
Click on the Headline to read the complete article
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