Get a job, go to jail?
On Tuesday July 18, David Carruthers, the British chief executive of BetonSports, was arrested at Dallas airport on Sunday night (he was changing planes from the UK to the Carribean), shares in online betting groups with exposure to the US have dived. Executives are understood to be seeking legal advice about whether they should avoid trips to the US.
On Tuesday July 11, the online gambling laws in the USA changed.
Guests at an annual online gaming conference in Las Vegas next week were due to include a "who's who" of online betting. It's been cancelled.
It's somewhat similar to European and Russian scientists working on encryption technologies being warned not to attend or present at US conferences for fear of arrest.
The scary thing is that given the US legal interpretation of their wire fraud laws, in theory an online bet between two non-US agents can pass through a server in the US. This transaction is sufficient for the US Federal legal teams to claim jurisdiction.
Sounds silly? Google for "the Nat West Three".