Life sentence for Poker entrepreneur Daniel Tzvetkoff

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Daniel Tzvetkoff, a young Australian entrepreneur who co-founded the online payment processor Intabill in 2007, had a brief, flashy run as a multimillionaire before his business collapsed amid accusations of financial mismanagement. But his real crime, according to the U.S. government, was doing precisely what Intabill purported to do: facilitate online payments, including bets by American poker players.

When Tzvetkoff was arrested during a visit to Las Vegas in April, it was the first time anyone had been publicly charged with violating the Unlawful Internet Gambling Enforcement Act. Enacted in 2006, the law makes it a federal crime for someone “engaged in the business of betting or wagering” to accept a payment in connection with “unlawful Internet gambling.”

Federal Regulation of Online Gambling

Full story: Life for Poker – Reason Magazine