The Chicago Tribune recently reported that March Madness office pools on social networks like Facebook and MySpace is being watched by the FBI because Internet gambling is illegal.

According to an FBI spokesman, “There could be a violation if there’s a payout and if the operators take a cut”. In a statement from Facebook, “(Facebook) does not condone the use of the site for any unlawful purposes, and users must agree as part of the terms of use not to conduct illegal activity.”

CBSSports.com has made it easier for Facebook users to become involved in betting pools for the NCAA Division 1 Men’s Basketball Tournament, which gets under way this week.

Last February, CBSSports.com launched an application that allows Facebook users to fill out brackets for the tournament and compare their picks with those of their friends on the site.

Source: ComputerWorld.com