News for Jul. 12, 2007
New Online Gaming Laws in England
7/12/07, 9:14 pm EST - Xoanon
According to the revised Gambling Act, "prize" includes cash, products, and virtual prizes that hold monetary worth, and "games of chance" as any game which involves elements of both chance and skill, or where superlative skill can eliminate chance. The new law will treat all MMO’s that run competitions or offer prizes in the same manner as an online poker site, or any gambling site for that matter. As a result, they will be subject to the laws and penalties as these more traditional forms. [More]