I did, and it confirms to me why regulation is needed. It should be pointed out that the online service was "regulated" by an Indian tribe in Canada, and it investigated and ordered the casino to repay the losses and imposed a $2 million fine, which the interviewer seemed to think was chump change (and maybe it is in the gaming world).

The online service said it was hacked by a former employee who used codes to view all the players' hands and bet accordingly.

The problem in the end is that Americans can't sue off-shore casinos in American courts because the cheated players are participating in an illegal activity (online gaming). These are big issues in the regulatory community, and they implicate centuries of legal precedent about suing for illegal activity (can a customer sue a hooker when she fails to deliver the services he paid for? No.)

For years, the illegality of gambling outside LV meant that a casino who was owed money by gamblers could not come to other states and sue to recover. That has changed with states allowing gaming, but these are the types of age-old problems that regulators and the courts have to deal with. It doesn't change just because more people are gambling on-line. It takes some change in the laws before the courts and domestic regulatory authorities can assist cheated players.

If online gaming remains unregulated, cheated players have no advocate on their behalf and no place to sue. It is a true Wild West anything-goes mentality. Buyer beware!