I like the idea, but I'm not sure I would get anywhere near this as a US citizen. I can easily envision a federal prosecutor trying to make a name for himself

I like the idea, but I'm not sure I would get anywhere near this as a US citizen. I can easily envision a federal prosecutor trying to make a name for himself coming up with an argument that it violates the Wire Act, and since it is parimutuel, then everybody who placed a bet also accepted a bet.