Online Gambling Firm Settles Charges, Forced To Apologize And Never Do It Again
from the bad-company dept
In addition to having its CEO held in the US on racketeering charges, online gambling firm BETonSPORTS has been dealing with a civil case brought against the company seeking to permanently ban it from accepting bets from Americans. Today a settlement has been reached that achieves that government's goal; the company will stop doing business in the US, and it will take out an ad in a major US newspaper informing people that online gambling is illegal. This is a strange requirement. For one thing, the case was brought before the current
port security anti-gambling bill went into effect, and furthermore, it's not clear that the latest bill actually bans online gambling. It simply bans banks from allowing transactions with online casinos, but there's nothing in there about banks doing transactions with a payment processing firm like Neteller (the European PayPal), which can then do a transaction with a casino. If anything, it sort of looks like the government is trying to bully casinos and online gamblers without a full legal justification, though there's no reason that should be seen as much of a surprise.