2 ms·
Gambling is mathematically negative sum. Its a fucking stupid tax. That is ethically dubious for non-religious reasons.[0] _______________ Betfair's business
by 001sky 13y ago
Gambling is mathematically negative sum. Its a fucking stupid tax. That is ethically dubious for non-religious reasons.[0]
_______________
Betfair's business is illegal in the United States[1]
Betfair faces millions in fines after content ruled illegal [2]
[0] It is activity tolerated (cynically) for its ability to raise taxes, and even then only in small doses.
But I believe if you do some google research, there are other concerns.[3] These include things like time-delayed feeds to support real time betting (and fraudulent front running) as well as a variety of your typical deceptive TOS pseudo-scams (bonus schemes, etc).
[1] http://www.businessinsider.com/companies/betfair http://www.businessinsider.com/companies/betfair
[2] http://www.smh.com.au/articles/2003/04/01/1048962760523.html http://www.smh.com.au/articles/2003/04/01/1048962760523.html
[3] https://en.wikipedia.org/wiki/Betfair#In-play_betting_controversy https://en.wikipedia.org/wiki/Betfair#In-play_betting_contro...