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Web -- launching today is letting video gamers go -- -- not only for bragging rights that for cold hard cash as well.
Bring it dot com allows players to challenge one another online.
In titles like Halo 3 in Guitar Hero for free.
But they get to -- anywhere from one dollar to 500 dollars while doing that.
And -- on nine gambling is banned across the United States bring it is able to dots -- regulation in those states.
Woodrow Levine the CEO of bring it dot com joins me from Chicago this morning good morning.
It's about -- -- -- there I'm doing well thanks for joining us this morning.
Now would go back in October 2006 President Bush passed the unlawful.
Internet gambling act inside of the court and security bill banning online gambling but how is wagering on video game still legal.
In that 39 states.
Absolutely so we actually don't -- -- wagering should -- this is still based gaming so.
We -- the purview of we were carved out of the act in 2006 so much like chess checkers backgammon.
Urban pop -- be -- can be played online it has been for the last ten years for cash.
So can video games over the council like Xbox PlayStation and Nintendo -- Would -- how do is you're site work.
How does a game -- go in there and play and then as well as wager some money.
Absolutely so again.
He's skill based challenges again was simply come to our side bring it that -- They deposit money onto the site through PayPal debit or credit card and match up against -- -- more -- -- game of a light still ranking on the site.
We're adding one step to the online game play process with a common -- -- with us -- -- good Xbox Live or the PlayStation network to actually compete.
And then how do you make money on top of that.
A couple of ways it's totally free to sign up so we charge a 10% service fee for actually monitoring that transaction.
-- providing a service of the gamers in a safe and secure environment for them so we charged that 10% servicing.
Did do you have any restrictions in terms of who can play obviously you're wagering money this isn't so this is something you want to prevent.
Small children from doing certain individuals how do you -- and protect the environment at the same time while allowing people to have a lot of fun.
A lot of things that we've done a brilliant really been done to ensure that safe and secure game play experience for our members for all members you have to be eighteen and over to play or even register on the site even if you want -- play -- redemption on.
On top of that we've put in -- algorithmic skill ranking system which rates the players and allows them to know exactly who they're playing against.
We also limit the amount of -- to which people can enter into challenges through.
Until they don't double recovered -- an eBay like reputation system on the -- so a lot of things are dedicated to making sure that's a fair and level game play experience for everyone.
What this sort of gains you have on your -- I have to admit I'm not halo oh I'm not a halo player -- not a hardcore gamer but I can.
I can play Wii tennis with the best of them -- that are those types of gains of bella and let me.
They are and we tennis actually play at my grandma and she's nine to -- so I understand where you're coming from and it just dies I think you're not gonna.
Give him all the -- I absolutely -- and -- yeah.
So they've really we're really for not only the core gamer but also the casual gamer like and that's where we're seeing video games and specifically social gaming such a huge market you know some industry experts -- it as almost -- six billion dollar marketplace.
And we're at this intersection within -- of skill based gaming within the casual landscapes are we think there's a huge opportunity here so getting to the your question.
It's the sports Kansas super smash Brothers on we it's the first person shooters as well so we're releasing a broad range against which -- -- All right thank you very much would go bring it dot com I'll check out your site.
I think I reserve I think I I needed distant to bump up my skills maybe -- get me -- a little bit better my video games.
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