when you rank, you are wagering something. reputation, i guess. so everything can maybe be wagering. money-wagers, service-wagers, goods-wagers, energetic-wagers
After being out of business for nearly two years, Betcha.com is planning its return.
As friends of Betcha know, the Washington State Gambling Commission shut us down in July 2007, despite our vociferous pleas that our patent-pending person-to-person betting platform was not gambling and was, thus, perfectly legal. After nearly 1 ½ years working our way through the court system, the Washington State Court of Appeals agreed. The court held: that there was “no logical basis” to believe bettors on Betcha were gambling; that the WSGC’s position was contradicted by the “plain language” of the gambling laws; that Betcha lacked “the essence” of gambling; and that the WSGC’s position amounted to a “strained” and “absurd” reading of the law. In short, we were right all along.
While, the WSGC has appealed its loss to the state supreme court, we are cautiously optimistic that they will decline to review the case. In the meantime, we need to raise capital if we ever hope to get back into business. If you’re still reading this message, that’s what we’re doing.
We ask for your patience as we pick up the pieces of our company and our website. In the meantime, feel free to contact management with any questions, comments or concerns.
We look forward to seeing you on back on Betcha in the future. And may all your bets be winners.
Nicholas G. Jenkins
Founder and Chief Executive Officer
nickj (at) betcha.com
206 295 0450
by Raanan Bar-Cohen
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