Archive for June, 2007

Why is a Credit Default Swap where the buyer does NOT own the credit instrument not legally gambling?

Monday, June 25th, 2007
gambling law
adarix asked:


If the buyer does not own the credit instrument, this seems no different than gambling. Is there a law that allows somebody to sell a CDS based on the failure of a credit instrument and not the failure of a football team?
Football is not chance. It has a lot of statistics and rules. But it is illegal to bet on it.

Howard

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Posted in Investing | 2 Comments »

online gambling law?

Friday, June 22nd, 2007
gambling law
ryeguy8612 asked:


I’m aware of the law banning U.S. online gambling. However, I don’t know all the details. Would it be legal if I created a gambling site that didn’t allow you to put your own money into? So basically just playing for fun…

Thanks

Tara

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Posted in Gambling | 4 Comments »

Is this Gambling?

Thursday, June 14th, 2007
gambling law
lollipoppett2005 asked:


Texas has a no gambling law. Okay their prerogative. So how come they still allow Bingo and the State Lottery. These are considered as gambling activities in the UK.

Don’t you think that this is hypocritical especially as the Catholics are so against gambling and yet enjoy a game of bingo?

Ramon

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Posted in Law & Ethics | 3 Comments »

Is gambling legal in ga?

Friday, June 1st, 2007
gambling law
Mob_boss asked:


under the ga law http://www.gambling-law-us.com/State-Laws/Georgia it states gambling and lotteries are illegal, but how are the Ga lottery and a lot of other places able to sell scrath cards and lottery tickets according to this law

Debra

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Posted in Law & Ethics | 1 Comment »