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.
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.