Start-Ups Hedging Their Bets on Online-Gambling Legislation

Venture-backed start-ups operating in the three most popular forms of online gambling–poker, horse racing and sports betting–stand to see major impacts from proposals winding their way through Congress that could legalize certain types of Web-based betting.

While the start-ups are keeping a close eye on the bills’ progress–and in some cases positioning themselves for possible major changes–most believe that any new laws won’t be enacted for at least another year, and possibly longer.

Investors are keeping their distance from the discussion. Requests to six venture capitalists for comment about the proposed legislation were either declined or never returned.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »