Tuesday, July 06, 2004

NY Times profiles betting exchanges

The New York Times > Technology > Gambling Sites Offering Ways to Let Any User Be the Bookie

Beginning with Betfair's loving description of traditional high street bookmakers as "the places where men in raincoats go.", the NY Times go on to champion the betting exchange's explosion on the web - as they state "Peer-to-peer betting, which has been increasingly popular in Europe, Asia and Australia, is one of the fastest-growing online gambling enterprises, according to industry executives and analysts. "

New launch, "Betbug" is also given a plug in which users download p2p software, rather than offer the normal web-based exchanges available, to lay or back events, claiming they "are the Kazaa of betting...We let people search out other people directly who are interested in wagering"

Will be interesting to see how the US authorities view this new development

posted by jo @ 2:33 PM   0 comments

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