Internet Community & Entertainment Corp. operated Betcha.com, an online person-to-person betting platform. For a small fee, a

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Internet Community & Entertainment Corp. operated Betcha.com, an online person-to-person betting platform. For a small fee, a user who registered and funded an account could offer bets to, and accept bets from, other users. A user had to agree that bets were “nonbinding”; bettors were not required to pay if they lost. When a user listed a bet, the site deducted a fee from the user’s account. When a bettor accepted the bet, the site deducted a matching fee from the bettor’s account. Wagered funds were placed in escrow until the bet was settled. The Washington State Gambling Commission executed a search warrant against the site’s offices and seized its computers. Betcha.com filed a suit against the state. Does wagering on Betcha.com meet the definition of gambling? Explain.

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Business Law Today The Essentials

ISBN: 978-0324786156

9th Edition

Authors: Roger LeRoy Miller, Gaylord A. Jentz

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