Submission + - Betcha.com beats US ban on Online Gambling? (zeropaid.com)
Jared writes: "Bills itself as the world's first "honor-based betting platform" that connects people "who like to bet" and likens the site to "gentleman's bets," calling it "betting," not "gambling. Betcha.com claims that it's a legal service under the premise that bettors are allowed to welch on their bets, meaning that there's no gambling actually taking place. Users are given an eBay-style rating based on whether or not they pay up after losing a bet.
http://www.zeropaid.com/news/8859/P2P+Betting%3F+B etcha.com+Exploits+Loophole+in+US+Online+Gambling+ Law"
http://www.zeropaid.com/news/8859/P2P+Betting%3F+