Anyone Want To Bet If BetOnSports' Customers Will Get Their Money Back?
from the what-are-the-odds? dept
Following the arrest of BetOnSports' CEO as he passed through the US on his way back to Costa Rica, the site shut down while it dealt with its legal problems. With so much attention, the payment processors who worked with the company have bailed on them, saying they won't process payments any more. For the most part, that doesn't matter, since no one can use the site any more. However, for existing customers who already had bets in process with the site, there's a lot of money hanging out there -- and the company can't even give it back. The company claims it wants to give back the money, but is finding it difficult with the various payment processors not cooperating. Of course, given that some in Congress are trying to say that anyone doing any kind of betting online deserves jailtime, perhaps some of those who are out some cash on these bets should just be happy they're not going to jail and let the money go.