Several entrepreneurs are mixing the global reach and low cost of the Internet with the lax legal climate of certain Caribbean locales, where hiding money from the U.S. tax and legal system is a major industry. The potential result: Any desktop or laptop could be a gambling terminal – U.S. (or any other) law be damned.
Predictor: Schwartz, Evan I.
Prediction, in context:In a 1995 article on online gambling for Wired magazine, Evan Schwartz writes: ”[Some online gambling businesses] aren’t waiting for … changes in the law. Several entrepreneurs are mixing the global reach and low cost of the Internet with the lax legal climate of certain Caribbean locales, where hiding money from the U.S. tax and legal system is a major industry. The potential result: Any desktop or laptop could be a gambling terminal – U.S. (or any other) law be damned.”
Biography:Evan Schwartz was a 1990s journalist with a computer science degree who covered information technology. He was a former editor at Business Week, where he covered software and digital media and was part of teams that won a National Magazine Award and a Computer Press Award. He also wrote for the New York Times, Wired, and MIT’s Technology Review. His books include “Webonomics” and “Digital Darwinism.” (Author/Editor/Journalist.)
Date of prediction: October 1, 1995
Topic of prediction: Economic structures
Subtopic: Gambling
Name of publication: Wired
Title, headline, chapter name: Wanna Bet?
Quote Type: Direct quote
Page number or URL of document at time of study:
http://hotwired.lycos.com/collections/internet_law/3.10_gambling_pr.html
This data was logged into the Elon/Pew Predictions Database by: Stotler, Larry