internet gambling – News Stories About internet gambling - Page 2

Lines Keep Moving in Fight Over Online Gambling

Dec 1, 2008 2:19 PM CST

Lines Keep Moving in Fight Over Online Gambling

Critics liken government stance to Prohibition

(Newser) - Can 20th-century laws designed to stop old-school bookies put the kibosh on the multi-billion online gambling industry? Anti-gambling crusaders say they can, and they’re doing their best to prove it. Federal prosecutors have used the 1961 Wire Act to shut down several huge operations, the Washington Post reports—but...

Feds Block Online Gambling

Nov 13, 2008 2:08 AM CST

Feds Block Online Gambling

New rule stops banks, credit card companies from processing bets

(Newser) - The Treasury Department and Federal Reserve will effectively outlaw most forms of online gambling with new rules that bar banks and credit card companies from processing transactions related to internet betting. The banking and gaming industry and House Financial Services Chairman Barney Frank oppose the new rules, reports the Wall ...

Judge Upholds Ban on Internet Gambling

Mar 7, 2008 5:35 PM CST

Judge Upholds Ban on Internet Gambling

Online gambling association will appeal

(Newser) - A Congressional ban on Internet gambling doesn’t violate the Constitution, says a federal judge. An online gambling association that challenged the law failed to show sufficient cause to stop its enforcement, the judge ruled, but does have legal standing to appeal the case. The group plans to do so...

Bookies Pay Out on Longshot Clinton Bets

Jan 10, 2008 12:39 PM CST

Bookies Pay Out on Longshot Clinton Bets

At 100-to-1, Hillary's victory startles political gambling websites

(Newser) - Clinton supporters of an apolitical kind had reason to celebrate after her surprise win in New Hampshire: bettors on a Hillary victory reaped huge payoffs after her odds dropped to a low of 100-to-1. Bloomberg reports that the Dublin-based Intrade had made an Obama result a near certainty, leaving contrarians...

Big Sites Fold on Net Gambling

Dec 20, 2007 1:39 AM CST

Big Sites Fold on Net Gambling

DOJ has winning hand in legal battle with Microsoft, Google, Yahoo!

(Newser) - Microsoft, Google, and Yahoo have agreed to cough up $31.5 million to settle Justice Department charges they promoted Internet gambling by accepting advertising from gambling sites for the past 10 years, Reuters reports. The high-tech giants will pay some of that amount in fines, and will create PSAs telling...

Sites Take Bets on Tony's Life

Jun 8, 2007 8:00 AM CDT

Sites Take Bets on Tony's Life

Entertainment gamblers wager on whether capo will be sleeping with the fishes

(Newser) - Think Tony will survive Sunday's season finale of "The Sopranos"? Will Paulie "Walnuts" Gualtieri get whacked? Now you can put your money where your mozzarella is at gambling websites like Bodog.com and Betus.com. But be forewarned—an HBO spokesman says exec David Chase's acclaimed plots...