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Website slammed for letting students bet on grades

Published: September 8, 2010 10:30 PM
By PATRICIA KITCHEN AND DAVE MARCUS  patricia.kitchen@newsday.com,, dave.marcus@newsday.com

Quick ReadThe founders of Ultrinsic.com said students can be spurred to extra effort. Local politicians disagree.

Steven Wolf, left, and Jeremy Gelbart created Ultrinsic.com,

Photo credit: Kevin P. Coughlin | Steven Wolf, left, and Jeremy Gelbart created Ultrinsic.com, a website that allows college students to bet on what grades they'll get. (Sept. 7, 2010)

A website in Cedarhurst started by two college graduates that allows college students to create financial incentives - some say place bets - on what grades they'll get in one or all their classes is being criticized by a Nassau County legislator as taking advantage of students and possibly violating state and federal gambling laws.

And the criticism has caught the attention of the Nassau district...

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Should students be encouraged to bet on grades?

Yes. Winning money will motivate students to get good grades. Yes. A betting game will make school more fun. No. Gambling is a destructive activity. No. Some students will fail tests on purpose for money.