Real gambling getting closer on Facebook

UK-  Facebook revolutionized social gaming by creating a credit system for some of the most popular online games like CityVille, Zynga Poker and FarmVille. But now it looks like the social network giant could be doubling down on the real gambling market.An exclusive published Wednesday from the UK’s eGaming Review revealed that Facebook is in talks with “several operators to open its platform to real-money gambling in the UK.” Vator News.

AUSTRALIA-  A loophole in federal gambling legislation is allowing an online casino to take money from Facebook punters but not pay out winnings in cash, leaving unsuspecting punters out of pocket. The DoubleDown casino on Facebook gives players free chips – but once they are exhausted, punters are required to buy credits to continue to play online casino games such as poker and blackjack.

In a reminder to always read the fine print, the terms and conditions explicitly say “regardless of the terminology used, Virtual Currency and Virtual Goods may never be redeemed for “real world” money, goods or other items of monetary value from the Site or any other party.” The Age.