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3/14/10 - The legality of a business model for a betting exchange company that was closed in 2007 under pressure from Washington state officials is still the subject of court actions as the owner and the state gambling authorities wrestle through appeal and counter appeal actions.
The dispute is rooted in the legality of a business model where the loser of a bet is subject to an honour system but is actually not obliged to pay the other party. Erstwhile operator Nick Jenkins contends that this does not constitute gambling because an essential element in the definition - the fact that the winner will receive something of value - is absent.
Jenkins, a Seattle lawyer who rather bravely founded the betting exchange Betcha.com in a US state notorious for the most draconian anti-online gambling laws yet seen, openly consulted with a wide range of opinions before launching his site. It was almost immediately the subject of warnings, and was then raided by Washington state gambling officials. Jenkins was arrested, along with two employees, and his computer hardware was confiscated.
In an initial lower court hearing both Betcha.com and the Washington State Gambling Commission moved for summary judgment. The facts were not in dispute, but a queston of legality was, with each side claiming to be in the right. Round one to Washington state.
Jenkins then took the issue on appeal, arguing "...there can be no understanding that a bettor will receive something of value where the website stresses that all bets are non-binding." The Court of Appeals agreed. Round 2 to Jenkins.
In September last year the Washington State Gambling Commission launched a counter appeal with the Washington Supreme Court, a decision from which is now awaited on what is really a point of law...and one which could subsequently be addressed by the state legislature introducing more specific wording to its definition of gambling.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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