ICANN Finds No Wrong Doing in Domain Front Running
eldavojohn writes "Remember the investigation ICANN did in domain name front running? Well, it turns out that there was no wrong doing going on at all. What went wrong? Domain name 'tasting', which involves a free five day trial of a domain name, was the big culprit. From the article: 'In some cases ... the committee found that a separate practice of domain name tasting may be causing problems. That refers to someone testing the financial viability of a name for up to five days and then returning it for a full refund, using a loophole in registration policies. Domain tasting can tie up millions of Internet addresses, including ones someone checks but does not buy.' If you check for availability of a website and someone sees you do it and they reserve it before you, it's fair play."
No kidding. Besides being in IT, I also hold a real estate license, and if I were to do - or even attempt to do - the equivalent of front-running, I would be at risk of discpline from the real estate commissioner's office and the board of realtors, possibly up to losing my license, as well as wide open for a lawsuit (real estate is a more litigious business than even the patent industry).
An example: I'm acting as your agent, or you are considering retaining me as your agent. There's a property you're interested in that appears to be a great deal. You tell me about it and ask my opinion. I tell you I'll check it out and get back to you by tomorrow. Recognizing that it is indeed a great deal, that evening I put in an offer to buy the property myself and leave you out in the cold.
That is both unethical and illegal, and is essentially the same thing that NetSol or any other registrar does when they practice front-running (they're in the position of being your agent, or prospective agent). It's hard to see how ICANN sees nothing wrong with that. True, it may not be illegal or against ICANN's rules, but it certainly ought to be.