Nearly two years ago, CBS and SportsLine first joined forces under a 5-year deal, marking CBS' first strategic new media initiative. The original agreement now extends through December 31, 2006. Looking to ban In an effort to protect the integrity of college sports, the NCAA has urged a national commission studying gambling to push for a federal ban on wagering over the Internet. The National Gambling Impact Study Commission is preparing a report due in June to the president and Congress. It invited groups to attend its meeting this week at Regent University and suggest what should be included in the report.
Internet gambling poses a direct threat to all sports organizations.
Saum said that a federal law prohibiting Internet gambling while the industry is still new would be a strong deterrent. However, a trade group representing about 50 companies interested in Internet betting argued that prohibition didn't work for alcohol and it won't work for Internet gambling. Regulation is far preferable to prohibition as a model for controlling interactive gambling, particularly over the Internet. Similar legislation got bogged down in the House, where Internet-related businesses were seeking exemptions. The bill never got out of subcommittee.