Not exactly. There’s no federal law against gambling, and states have their own restrictions. But restricted is not the same as illegal; states that do not allow licensed casinos do not necessarily have any laws against citizens making bets with each other over which money changes hands, when done on a non-commercial basis.
Gambling is illegal in the US except in specially licensed casinos.
Not exactly. There’s no federal law against gambling, and states have their own restrictions. But restricted is not the same as illegal; states that do not allow licensed casinos do not necessarily have any laws against citizens making bets with each other over which money changes hands, when done on a non-commercial basis.
And of course, there are other forms of licensed gambling, including that which is run by the state.
Well, US regulators are attempting to declare intrade illegal.