Yahoo has partnered with eBet USA and is presenting the ability to bet on horse races as part of the Yahoo site. What else? Neither company -- both publicly traded -- has announced anything of their relationship to investors.

Penn National's eBet USA subsidiary has what a Yahoo spokesman calls a ``promotional presence'' on the horse-racing page. In plain English, that means Yahoo makes the link to eBet USA appear as part of the site rather than a separate banner ad or button.

Yahoo is also running online ads aimed at its members that imply the service originates within the company. I know, because I've recently seen the spots in my Yahoo Mail account.

The article doesn't even touch the legal question. Online gambling is illegal in almost every part of the US; yet Yahoo is actively marketing this service to their US customers. I can't see this lasting. Yahoo closed up their adult video store after public outcry; and that was a legal enterprise! I have no idea why they think they will be able to promote horse betting successfully. Kudos to them if they can. Link