Will Yahoo! Offer Real Money Online Gambling?

According to a recent article from Forbes, Yahoo! has launched a Texas Holdem portal on its website. The article is written by Marc Edelman, an associate law professor of City University of New York’s Baruch College. Edelman claims that the company could offer real money online gambling in the future.

The portal allows players with a Yahoo! account to play several versions of Texas Holdem with other players across the world. Real money wagers aren’t available since online gambling is currently illegal across state lines, but some experts believe that could change if Congress passes a bill to legalize real money gambling. Edelman also claims that Yahoo! could offer real money gambling in Delaware, New Jersey or Nevada and future states to legalize which is likely Pennsylvania and California.

Edelman pointed out that Yahoo! has made a lot of money monetizing fantasy football. He said that the online gambling industry shouldn’t be surprised that the company may want to compete against them.

Edelman claims that the new launch positions Yahoo! for a strong competitive advantage if real money gambling is launched. The company’s experience offering online casino games will increase the likelihood that it will receive an online gambling license and reduce the learning curve with offering real money gambling. Yahoo! reaches millions of people across the world and could easily advertise its services to consumers using its other services. This would give Yahoo! a powerful advantage over virtually any other online gaming provider.

The online gambling community appears to be very excited about the announcement. Over a couple dozen players discussed the launch on the Two Plus Two gaming form. Several of the posters clearly expressed dissatisfaction with play money poker and hope that Yahoo! will allow real money wagers in the near future.