5 Unusual Ways to Gamble Onlinehttp://www.fool.com/investing/general/2014/04/27/5-unusual-ways-to-gamble-online.aspx Daryl Paranada
April 27, 2014
Online gambling enthusiasts might need to find a new way to get their betting fix with lawmakers pushing for a ban. Sen. Lindsey Graham (R-S.C.) and Rep. Jason Chaffetz (R-Utah) recently introduced a bill banning all forms of Internet gambling.
Online gambling is a $33 billion market, with $3 billion coming from illegal bets made by Americans, according to the American Gaming Association. From the late '90s until 2006, online gambling was largely accepted in the U.S. That year, Congress passed a law making it illegal for gambling companies to accept bets online for unlawful transactions. But in 2011, the Justice Department ruled that only sports bets were unlawful. States like New Jersey began to take advantage by opening their doors to online gambling companies. Now, lawmakers are once again considering a ban.
While Congress considers the future of online gambling, consumers with the desire to make bets and predict the future can roll the dice with less conventional options. Think you can predict who Prince Harry will marry? Or how about how much money the next "Spider-Man" movie is going to garner? If gambling is more of your style, maybe you can "buy" celebrities like Justin Timberlake or a Brad Pitt?
These days, you really can bet on anything. Here are five examples of unusual topics you can bet on:
HollyStock allows players to compete against each other to create a valuable portfolio of celebrities, who increase or decrease in value each time they're mentioned on specific websites. Players can buy or sell celebrities on the HollyStock Exchange, but only one player can own a celebrity at a time. Anyone can play for free, but players have the option to compete against other players for real money (except in a handful of states).
2. Novelty news
If you're not up for betting on the royals, you can take your chances by placing a bet on which animal will be cloned next or when alien life will be proven. The site also lets you bet on sports, politics, and current affairs.
3. Movie earnings
Recently, users of Predictious bet on which film was likely to win the Best Picture Oscar and whether the U.S. would win the most medals in Sochi. But the site is perhaps best known for allowing its users to utilize Bitcoin to make predictions — which has let the site transfer money in a