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Thats the nice out of the box thinking that makes money. I however love the fact the NBA is in on that lol..
Interesting, but I wonder when it started that the US government actually needed to be legally correct before wading in and shutting down an operation.
I fear that all Forbes has done is to bring his operation to the attention of the authorities …
:Cry:Quote:Palmer’s main revenues will come not from the gambling action, but from advertisers like Skype, Pizza Hut and the National Basketball Association anxious to connect with Palmer’s claimed 200 000 player base …That bit made me laugh too .. of course his revenues are not coming from gambling … he’s providing the stake … how can he make a rev-share profit?
:wink-winkBut it IS interesting to see people trying different models to attempt to become legal, PIC club is another variant on the poker front.
Not to worry Paul.
I haven’t read the details but from what I did read I imagine he’s got his bases covered. since its not actually the customer risking anything in order to get something then its not gambling.
what amazes me is that Forbes saw this as being newsworthy. Its a great twist on an old idea but that’s all it is.
I can’t help but wonder if the kid didn’t know somebody at Forbes to get the article run?
There must be thousands of giveaways in the states, perhaps millions. what makes this one special? because its based on picking winners? You can get that at a lot places, they just don’t tell you its costing them ten cents a person to run the contest.
I believe it mentioned that there is some sort of contest in order to cash out, and that those with more wins get better position in the contest.
