Wednesday, August 09, 2006

A quick Pit conversation on legal outlook for TS

edwillers: i see the internet gambling contract is trading around 20; what's the consensus on tradesports legality currently and if that law passes?
caveatBettor: TS legality is a state issue
caveatBettor: states loathe to prosecute citizens [doing their own victimless thing] in their own homes
caveatBettor: TS is bound to return any monies to customers upon request of customer, or by regulatory requirement of US law
caveatBettor: but impulsive deposits via credit card would be eliminated
caveatBettor: only snail mail bank checks

UPDATE: I am not a lawyer. Speak to your own attorney for advice on legal matters.

No comments:

Post a Comment