7/30/2009

Video game site lets players bet on their skills

Filed under: — Aviran Mordo

Although you can win or lose real money, BringIt.com is not considered online gambling, and it’s legal in 39 states.

The site, which lets players challenge other gamers for money, says it is different from online poker and other games of chance because video games are considered a game of skill.

BringIt is set to emerge from its “beta” test version in the next few days. It’s free to sign up, provided you are at least 18. The site makes money by taking a 10 percent cut from people’s wagers and a $4 fee from winners when they withdraw their loot.

Founder and CEO Woody Levin, 30, said most of the players on BringIt play for small amounts of money, $5 or $10. It’s not really for “hardcore, crazy gamers,” he said, but rather, people who “want to put their money where their mouth is, a little bit.”

To ensure that first-time players don’t go pawning engagement rings, BringIt limits players’ entry fees to $25 for the first 10 games they play. The limit increases in steps until it reaches $500.

BringIt supports the PlayStation 2, the PS3, the Xbox 360 and the Wii. Players challenge each other on the site, but play on their consoles. BringIt holds players’ entry fees until the game is finished. After the game is done, it verifies the results and credits the winner, minus the service fee.

Microsoft, Yahoo in 10-year Web search partnership

Filed under: — Aviran Mordo

Microsoft Corp and Yahoo Inc have launched a 10-year Web search deal to challenge market leader Google but stopped short of combining other advertising businesses or suggesting any deeper ties.

The long-expected deal means Microsoft’s new Bing search engine will be combined with Yahoo’s experience attracting advertisers in the first serious threat to Google Inc — if the companies get regulatory approval and can make the partnership work.

Yahoo shares fell 12 percent as some investors were disappointed by the limited scope of the deal, which did not include up-front payments for Yahoo. Some investors had expected up to $3 billion up-front, according to a Bernstein report.

Mac flaw could let hackers get scrambled data

Filed under: — Aviran Mordo

A Mac security expert has uncovered a technique that hackers could use to take control of Apple Inc computers and steal data that is scrambled to protect it from identity thieves.

Prominent Mac researcher Dino Dai Zovi disclosed the software flaw at the Black Hat security conference in Las Vegas, one of the world’s top forums for exchanging information on Internet threats.

About 4,000 security professionals are in attendance, including some who are really hackers. While experts ferret out software flaws to fix them and protect users, hackers use the same information to devise pranks or commit crimes.

It is not illegal to publish software that can be used to hack into computer systems, though it is against the law to use it to break into them.

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