[extropy-chat] Betting on Global Warming

[Robert Lindauer]

Federal offense under the wire laws:

"Whoever being engaged in the business of betting or wagering knowingly 
uses a wire communication facility for the transmission in interstate 
or foreign commerce of bets or wagers or information assisting in the 
placing of bets or wagers on any sporting event or contest, or for the 
transmission of a wire communication which entitles the recipient to 
receive money or credit as a result of bets or wagers, or for 
information assisting in the placing of bets or wagers, shall be fined 
under this title or imprisoned not more than two years, or both."

With an actual conviction in the case of Jay Cohen.

For information, see:

http://www.usdoj.gov/criminal/cybercrime/cohen.htm


It's not clear how this would affect someone making a casual wager 
since they're not "in the business of betting or wagering..."

Robbie


On Aug 21, 2005, at 8:14 PM, Brett Paatsch wrote:

> Thanks for posting the update here Hal.
>
> I liked the caption on James blog "If I have seen further than
> others it is by stepping on the toes of giants".
>
> James sounds like my stereotype of a New Yorker.
> It is interesting to see idea futures type ideas getting a run,
> and in Robin's lifetime.  I'm not much of a fan of creditting the dead 
> and impoverising the living myself.
> I was curious about the legal situation, I've been, loosely,
> tracking developments here in Australia, I noticed that James
> is apparently in Japan.
> Interesting idea using a blog to offer contingency bets. That
> might even be legal here in Victoria, Australia. Legal for
> the Australian side anyway, not so sure about how it would
> be for say a person betting with me publicly from say the
> US side.
> I think they'd be running the risk of prosecution, however
> great that risk is in practice, I don't know.
> Brett Paatsch
>
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