Playhem Finds an Online Gambling Loophole

September 21, 2011 -

Online gambling for real money is illegal, but a loophole manipulated to great effect by a new company called Playhem makes it perfectly legal. The trick being manipulated by the New York-based start-up is that it allows its users to place wagers on themselves as they compete against each other for cash or prizes.

Playhem co-founder Ryan DeSanto says what Playhem is doing is legal, except in about a dozen states, including Arkansas, Iowa, Maryland, South Carolina, Illinois, and Vermont. In the states where it’s not legal, people can still play, sans the cash. Players purchase credits wager what they want on themselves, and then redeem what they win for cash and prizes.

While DeSanto says that users could 'technically' wager real-world cash, he said that his company removed it from the service because people liked virtual currency more. It's also a better fit with Playhem's partners, publishers and media companies, says DeSanto.

The site went live this week, after an extensive beta test that began in February. Right now players can play select console games such as Tiger Woods, FIFA, or Madden, or online PC games such as Blizzard's StarCraft. The technology is also capable of supporting big professional tournaments. To that end, it has partnered with IGN Entertainment and Caesars Entertainment to bring pro gaming leagues to Caesars casinos. Playhem will manage the qualifying rounds that will be played online. Finalists will then head to Atlantic City in October.

Source: AllThingsD


 
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Big PermI definitely agree that yes, the titles alone were meant to provoke people who identify as gamers. It also worked07/31/2015 - 12:59pm
Infophile@Matt: I'm talking about people I've seen on this site arguing that the title alone justified the reaction to the article, that it was deliberately offensive. Not even a new YouTube video by a risen-from-the-dead Albert Einstein would change that.07/31/2015 - 12:52pm
Big PermI just didn't care for the wording. I don't think it should be changed or anything.07/31/2015 - 12:46pm
james_fudgeIf I am misunderstanding your point expand on it in the comments and i'll talk about it in there.07/31/2015 - 12:23pm
james_fudgeIt's clearly part of a broader internal fight against people like Sargon.07/31/2015 - 12:21pm
james_fudgeBig perm: fair point. On the other hand that's its origins and not saying that in some way would be a disservice to our readers07/31/2015 - 12:21pm
Andrew EisenMatt - What is the argument that Sargon supposedly debunked?07/31/2015 - 12:06pm
Big PermThat said, I don't think it's a shit article.07/31/2015 - 11:22am
Big PermNot really a fan of "one individual aligned with Gamer Gate attempted to shame a prominent figure within its own ranks". It should be encouraged that we call out hipocracy, and instead I feel that shines a negative light on such a thing.07/31/2015 - 11:21am
james_fudgeI'm curious what our GG-aligned readers think of our Necromancer story? Was it fair? Unfair?07/31/2015 - 11:11am
E. Zachary KnightMatt, That the whole stink over the articles is a bunch of BS? Because that is the only part that is BS.07/31/2015 - 8:29am
MattsworknameOh btw, info, are you still refering to that "gamers are dead" argument? Cause sargon of akkad just did a 3 video series that proves it's based on bullshit07/31/2015 - 6:46am
MattsworknameInfo: thats what you call clickbaiting to the highest level07/31/2015 - 5:43am
InfophileAnd here's why you never judge an article by its title: "Microsoft Gives All Windows 10 Users the Finger" - http://www.themarysue.com/microsoft-windows-10-middle-finger/ (I'm looking at you, people still mad about "Gamers are Dead")07/31/2015 - 5:09am
Matthew Wilsonhttp://www.bloomberg.com/news/videos/2015-07-31/khan-academy-s-sal-khan-studio-1-0-full-show-7-30- not game related, but this is a good interview.07/30/2015 - 8:52pm
Goth_SkunkFinally, I never misspelled Chipman's name. So, feel free to try your luck again, but pick an opponent you can beat.07/30/2015 - 8:32pm
Goth_Skunk@Technogeek: I paid for the experience of the seat, and upon completion of the movie determined that the extra for the seat wasn't worth it. Additionally, your opinion is not law. You thinking the movie is crap does not make it so.07/30/2015 - 8:31pm
Craig R.1st I heard of Pixels was seeing trailer in theater. Was interested until Sandler appeared, then it became an instant 'Nope'.07/30/2015 - 4:52pm
james_fudgesick burns are not always allowed in the shoutbox.07/30/2015 - 4:28pm
MechaCrashIt's especially funny because I said "you'd have to be a moron to enjoy it," and Goth boasted about enjoying it, as if that does anything to change my opinion of the movie or of him.07/30/2015 - 4:19pm
 

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