Gambling News by House of Odds

Pikum , an online social gambling startup which had $5.92 million in investment from Virgin USA and First Round Capital has shuttered. We've tried email and phone calls to get hold of the CEO and will update this post when we get official comment. However, the image on Pikum's front page says it all. Sources close to the company said "I think they ran out of money. As far as I know they .

A leading US Democrat is attempting to counter anti-online gaming legislation passed under President Bush. Barney Frank, Chairman of the House Financial Services Committee has stated that it's time for Congress to release the restraints "impinging" on American citizens' freedoms.