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Sorry to bust your bubble, but no it does not.
Page 215, lines 19-21 state that the definition of a bet or wager does not include “any activity governed by the securities laws”
Page 216 goes on to list other investing activities which are not covered by the act.
OK so they made that a legal gamble.
Wonder how many families have been destryoed from bad investments?
Many I am sure. At least you know a legitimate negative expectation exists with most forms of gambling.
Please note most gambling companies on the stock exchange are governmened in the UK and for this reason under UK law. The stock exchange would never of allowed them to float should this put them in jeopardy.
Once again, lets not jump to conclusions as this damages the already hurt stocks as we are talking in excess of billions of dollars here and peoples livilyhoods.
All of the companies listed on the London Stock Exchange have bookie licenses and are regulated.
I don’t think that’s what he is referring to Simon.
The original poster believed that the gambling bill attached to the Port Security bill outlawed USA investors from purchasing or selling stocks of any kind on the internet. I do not think he was referring to any publicly held companies in the online gambling sector of the UK exchange.
I think he was referring to services such as E-Trade, Ameritrade, etc.
