[extropy-chat] Opinion piece on policy-making with predictionmarkets

[BillK]

On 6/6/05, Brett Paatsch wrote:
> 
> Sure, one possibility is to make it legal elsewhere first, and then, point
> at the revenue the US is losing to freer, smarter, more capitalist countries.
> 

e.g.  Online poker.

Poker firm bets on £5billion flotation
<http://news.bbc.co.uk/1/hi/business/4601793.stm>

According to Pokerpulse.com, the amount of money wagered in online
poker games in any given 24-hour period is more than $200 million US.
<http://slam.canoe.ca/Slam/Columnists/Francis/2005/06/04/1071374-sun.html>

While the US DOJ is trying to ban it.
<http://news.independent.co.uk/business/news/story.jsp?story=644002>
In the face of an explosion of electronic gambling across the US, the
Department of Justice has in the past few months been stepping up its
campaign against firms that offer it. The DoJ has written to several
warning that internet gaming is against the law under the 1960s-era
Wire Act and has issued subpoenas to companies associated with the
business.


So how long till the US changes its internet gambling laws?

BillK