[Nate tha\\\' Great]

Reading through the indictment, it looks like they're being charged under the Wire Act and a RICO statute. It's probably not a coincidence that the informant "caught" NETELLER in the act of facilitating a sports bet, rather than a poker wager, since that's more clearly in violation of the Wire Act.

My uneducated guess is that the case itself is a stretch and is unlikely to result in a conviction.

However, the combination of the DOJ aggressively going after the payment processors at the same the UIGEA is coming on line is very bad. Very bad. I think people will be fine getting their money out and everything but it would not surprise me if this basically the beginning of the end, and the end comes faster than you'd think.