March Madness -- again

Well, it's that time of year again, and folks are getting excited about putting together an office pool for the NCAA tournament.
Forgive me if this is a question with an obvious answer, but are office pools (where folks contribute money that someone eventually wins) illegal, ill advised, or just background noise in the scheme of HR matters?
Forgive me if this is a question with an obvious answer, but are office pools (where folks contribute money that someone eventually wins) illegal, ill advised, or just background noise in the scheme of HR matters?
Comments
To my knowledge we have never had a "problem" with office pools. However, we did attempt to eliminate pools once before only to find out that our Chairman of the Board really enjoyed interacting with our staff by playing the various pools. So... we still allow them.
Good luck.
But I do accomplish what I want and that is to be shielded from it, so that in future depositions, I can, in full Sgt. Schultz voice, say, "I know nothing!"
So I guess I ignore that it goes on. Works for me.
I'm going with Kansas.
Hear no evil, see no evil, speak no evil.
But seriously, what is my liabiity here? Will the anti-gambling commission come after our mid-sized office? Will an EE complain that s/he was coerced into joining, and that this was the start of their gambling addiction? Or will someone in a "protected" category complain that s/he was excluded from participating? I need to decide whether to continue the "see no evil" approach or remind people of the restrictions, but none of the above "worst case scenarios" seem likely enough to take a stand. And of course any message would only affect 10% of the work force and the rest of the group will wonder if I don't have enough to do that I'm worrying about this. ::sigh::
Meanwhile, maybe we forum-ites should put together our own pool since we can't participate in our office pools! (there would be a cheesy grin here if I could get the Emoticon shortcuts to work).
to have a certain amount of risk and this is one I don't lose sleep over.
Now when I want to play Sgt. Schultz I send an email to "all users" in the company and all employees delete me from their emails.
I haven't made my picks yet... we have until tomorrow.
Like neveradull, I don't lose sleep over this. I actually enjoy it.
Here in my organization, our pool is a non-betting pool so that makes it easier. Just for bragging rights. No money changes hands. At least I think so...
Its fun for employees. Management gets whipped by some kid from the dish room who memorizes Sports Illustrated and has a Rainman like knowledge of college basketball stats. Its all good.
"You can't stop it. You can only hope to contain it."