No, you were wrong.
These are two seperate busts.
The one in NY was an ole fashioned bookie ring bust, except these bookies used computers so clients could keep track of their bets - nothing to do with offshore books or the new law.
The second bust happened after this but in Florida, according to what wil said the feds raided the isp and web providors of some books in FL. This probably has something to do with the new law. The books are probably now trying to find new hosts etc, the sky is not falling. It has nothing to do with this prolexic thing you are ranting about.