Web site sponsors gambling on grades at 36 colleges

Some students say gambling on grades provides an incentive to ace their classes.
Some students say gambling on grades provides an incentive to ace their classes.

Higher-education officials might have some concerns about a new web site, called Ultrinsic, that is taking wagers on grades from students at 36 colleges nationwide starting this month.

Just as Las Vegas sports books set odds on football games, Ultrinsic will pay you top dollar for A’s, a little less for the more likely outcome of a B average or better, and so on. You can also wager you’ll fail a class by buying what Ultrinsic calls “grade insurance.”

CEO Steven Wolf insists this is not online gambling, which is technically illegal in the United States, because wagers with Ultrinsic involve skill.…Read More

Oops! We could not locate your form.