Here's an interesting online business you may not have heard of: Betfair. Who are they? They're the world's leading online betting exchange, a concept they helped pioneer back in 2000, and now have annual revenues over 180 million pounds Sterling.
In what might be a first in the world of open APIs and mashups, a developer has been sued by a major corporation for developing an application using a third party web service API. As TechCrunch's Jason Kincaid reports, Ryan Sit, the talented developer behind a number of popular mashups is being sued by EMI for his application Favtape because it uses the Seeqpod API. Of course it's not unusual for a record label to aggressively use the courts to defend copyright, but this appears to take the battle to a new ground. As Jason describes: