How is your March Madness bracket doing? Does it resemble the President’s at all? Well you (and Obama) may be breaking the law if there’s money riding on your Final Four picks for the National Collegiate Athletic Association (NCAA) men’s basketball tournament.
The folks over at Bloomberg reminded us yesterday that a 1992 federal law prohibits sports betting in all states except Delaware, Montana, Nevada and Oregon. What’s more, it’s illegal to communicate sports wagers over state lines using wires, according the Interstate Wire Act of 1961. The Department of Justice has ruled that this includes the Internet, which, aside from being a great place to keep track of your bracket, is just a bunch of fiber optic cables. There is an exception to the law for fantasy sports, but it’s up for debate whether March Madness picks qualify as a fantasy team.