Jenny Woo here for Gambling911.com and I had the opportunity to sit down with Nick Jenkins, founder of Betcha.com. If some of you aren't familiar with the site, let me give you a brief summary. The site was launched in 2007 as a social betting network where members made wages with each other. In return, the site would take a small fee in certain wages. Betcha would hold no monies nor did they make bets with members. It was an honor-based system as bettors weren't' required to pay if they lost. However, if they didn't pay, there would be the possibility of negative feedback.

What are your thoughts on this bit of news?? If you want, you can read the full article here...