American Gambler
American Gambler Book Club
Odds Man Out with Jay Cohen
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Odds Man Out with Jay Cohen

Rethinking bookmaking at the dawn of the internet age

Jay Cohen was one of the founders of World Sports Exchange in 1997, the first ever fully online sports betting site. In 2000 he was the first person ever convicted of violating the federal Wire Act for running an online sportsbook, despite the fact that his company was fully established and licensed in Antigua and that he built it with the advice of an army of lawyers, accountants and consultants to make sure he wasn’t breaking any American laws. Cohen was the only American offshore operator to come back to the United States and plead Not Guilty and fight the case. He lost and served 18 months in federal prison. Odds Man Out is the story not only of how he built World Sports Exchange, but of the years-long trial where he did battle with the U.S. government and the major sports leagues to defend his business and clear his name.

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