Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 10, 2008 6:22:50 PM CDT

Learn about Newser Points »

Internet Gambling track this thread

Started by K Schwartz; Last updated Feb 1, 08 2:17 PM CST by D Lim | View history

Rate it:
Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon | Edit thread | Notify editors | + Start a new thread
Internet Gambling

"Money won is twice as sweet as money earned." -Paul Newman

It's not such easy money. The US has been cracking down on Internet wagering in recent years: An October 2006 law made it illegal for credit card companies to accept charges for online gambling, effectively closing the market to foreign companies.

Stories

6 Stories

  • June 2008

    • Fantasy Sports Ruling: Bet on Hypocrisy

      Reason Magazine  |  Jun 4, 08 9:39 PM CDT

      Fantasy Sports Ruling: Bet on Hypocrisy

      (Newser) - Fantasy sports are A-OK with the Supreme Court and the US government—even though they’re essentially thinly disguised gambling games, writes Jacob Sullum of Reason Online. Many leagues openly include an entrance fee and a cash prize—which seems an awful lot like sports betting. But it’s not, the government insists, driving home how arbitrary gambling laws really are. More »

  • March 2008

    • Internet Addiction Rising

      Ars Technica  |  Mar 15, 08 8:37 AM CDT

      Internet Addiction Rising

      (Newser) - Internet addiction is no longer a punchline—it’s a serious mental malady that’s gained acceptance from the scientific community, Ars Technica reports. A significant percentage of the US population feels “disconnect anxiety” when away from the internet or their cell phones, an extensive research effort by the Solutions Research Group found. More »

    • Judge Upholds Ban on Internet Gambling

      Associated Press  |  Mar 7, 08 5:35 PM CST

      Judge Upholds Ban on Internet Gambling

      (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 within two months, reports AP. More »

  • January 2008

    • Bookies Pay Out on Longshot Clinton Bets

      Bloomberg  |  Jan 10, 08 12:39 PM CST

      Bookies Pay Out on Longshot Clinton Bets

      (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 who bet $100 holding a bag of $10,000. More »

  • December 2007

    • Big Sites Fold on Net Gambling

      Reuters  |  Dec 20, 07 1:39 AM CST

      Big Sites Fold on Net Gambling

      (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 young adults and teenagers that Internet gambling is illegal. More »

  • August 2007

    • China Unleashes Web Cops

      Associated Press  |  Aug 28, 07 3:43 PM CDT

      China Unleashes Web Cops

      (Newser) - Beijing police have an answer for Internet users who might be tempted to gamble or watch the Paris Hilton sex video: an animated officer who moves across your screen in a virtual car, motorcycle or on foot while admonishing you to steer clear of illegal content. The cartoon alerts will appear every half-hour on China’s 13 main portals starting Sept. 1, the AP reports. More »

6 Stories

In this image released Tuesday Aug. 28, 2007 by the Beijing Public Security Bureau, shown is cartoon figures of "virtual police". Police in Beijing said Tuesday they will soon begin patrolling the web...   (Associated Press)
Nate Silver left his job at a large financial firm and now plays poker on the Internet as his primary source of income. The Chicago resident says he expects to make $100,000 doing so this year.   (KRT Photos)
Steve Buding gestures as he speaks during an interview Tuesday, Oct. 2, 2007 in Miami. Budin, a self-styled offshore sports gambling "pioneer" who built a multimillion-dollar business, saw it all come...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow

Related Threads

Internet News  •  The Internet  •  A New York President?  •  Baseball  •  China  •  China Censors the Net  •  Clinton 2008  •  Clinton-Obama Tussle  •  Election 2008  •  Ga Ga for Google

Background

gambling
The Columbia Encyclopedia, Sixth Edition

gambling or gaming, betting of money or valuables on, and often participation in, games of chance (some involving degrees of skill). In England and in the United States, gambling was not a common-law crime if conducted privately. Even in colonial America, however, gambling was liable to ...

» Read more about gambling at Encyclopedia.com

More Recommend Reading

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »