Create your own free news widgets.

*FEDS INVESTIGATING FACEBOOK BETTING?* *Is this a sequel to the Second Life community sites saga?* Computerworld reports that the latest trend - toward community websites like Facebook - is on the FBI's radar for possible online betting violations. Apparently March Madness office pools on social networks have caught the attention of the FBI. 'There could be a violation if there's a payout and if the operators take a cut,' an FBI spokesman said. In a statement, Facebook said that it '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.' The company declined further comment CBSSports.com maneuvered earlier this year to make 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. In early February, CBSSports.com unveiled an application that allows Facebook users to fill out brackets for t