Is Gambling Legal? You Betcha!

If you've never heard of Betcha.com, the chances are you'll soon be hearing a lot more about them and their founder, Mr. Nick Jenkins.

He Had Simply Had Enough
When Nick Jenkins, the founder of online gambling company Betcha.com, set up his online betting business, little did he know he'd end up behind bars just trying to make a living. Yes, this online gambling entrepreneur was arrested and put in prison when asserting his claim that his form of online gambling was in fact legal. Jenkins held a firm conviction in the rule of law, and believed that he was in the right, and that those who upheld findings of the US Unlawful Internet Gambling Enforcement Act (UIGEA) were acting unconstitutionally.

Washington Rattles the Establishment
In February of 2009, a Washington court ruled that Jenkins had acted quite legally in setting up his company Betcha.com, which enabled gamblers to bet against one another with the option of not actually paying anything when they lost. Jenkins is now deliberating whether he should resurrect his company, which had been shut down pending the court decision. He is well aware that the federal government will be watching his every move should he try to re-open Betcha.com.

A Matter of Time
The chances are that if Jenkins doesn't act, then someone else will. There is no shortage of people with cash in the bank more than eager to take a gamble on such a venture. Some market watchers even believe that the Betcha.com model could indeed become the format of sports gambling on the Internet in the future. This could become the gambling equivalent of peer-to-peer music and movie sharing that has become a huge Internet phenomenon.