Re: TECH/IDEA FUTURES: Nevada Law Would Permit Internet Gambling ...

From: Robin Hanson (
Date: Wed Apr 18 2001 - 13:54:10 MDT

Chris Rasch forwarded:
> > A bill moving easily through the Nevada legislature would set the
> > stage for that state to allow Internet gambling, but one question yet
> > to be answered is how Nevada casinos will discharge the burden of
> > making sure that bettors are not violating anti-gambling laws that
> > apply where they live. Whittier Law School professor I. Nelson Rose
> > frames the problem this way: "Could a casino take a bet from New
> > South Wales or Tasmania? It would take an enormous amount of research
> > by casinos before they feel comfortable with this. If they violate
> > the laws of the country where the bettor lives, they could lose their
> > license to operate in Nevada." (Los Angeles Times 18 Apr 2001)
> >

Even if they legalized using the internet for what you can gamble
in person on in Nevada, that would not legalize idea futures.
That is because you cannot bet on science/etc. questions in Nevada.
You can only bet on sporting events.

Robin Hanson
Asst. Prof. Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326 FAX: 703-993-2323

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