[NU Sports] gambling and college athletes (fwd)

[Mike Nolan]

> The US gov't got credit card companies to agree (or by law, I'm not sure
> which) a couple of years ago to refuse to deal with the off-shore gambling
> companies.  In order to gamble, one needs to make wire transfers into an
> account with the gambling company.  That account is then made to make wagers
> and receive winnings.  I assume there is some way to get the money out if
> one wins, but I don't know how it works.

I just checked several online gambling sites, they're all still showing 
VISA, Mastercard and American Express icons or indicating that they accept
those credit cards to fund your account.

Even with a wire transfer there's still a paper trail.
--
Mike Nolan