OK Guys...Time to take a breath....Here's the skinny on what the gambling bill means

[TheRook]

Also look for those Countries that house these sportsbooks to file Lawsuits against the USA like Antigua did.

LOL...your taking the words right out of my mouth.

Monte well said...and it's great that these guys can get some answers from guys that know instead of a lot of speculation.

[likes2stare]

I guess the banking industry isn't as powerful as one might think.
From what I understand, they were totally against this bill because of it being a pain in the ass to implement and maintain. L2S

[BettorsChat]

I guess the banking industry isn't as powerful as one might think.
From what I understand, they were totally against this bill because of it being a pain in the ass to implement and maintain. L2S

That's correct and now they are going to have to spend more money as it will require more jobs etc. Banks haven't been letting credit cards been used for some time now though. Are they going to allow credit cards to be used to fund money to western union? If so then theres a problem for the Government IMO.

[BackDoorCvr]

1. If this bill gets passed - it targets cc's, payment processors, banks etc.

2. The bill puts the responsibility on the cc's, banks, and payment processors to enforce it.

3. The language in the bill as it is written now states that there is a 270 day time period for these organizations to figure out a way to do this.

4. In no way shape or form does this put any responsiblity on the gambler - or make it in any way shape or form illegal to do anything different than what the gambler is currently doing.

So dont panic. Is it bad? YES. It is bad because it could lead to more legislation down the line. But this bill is not intended to criminalize you the gambler.

There will be many workarounds. The bill is largely political to appease the Christian base.

The media will run headlines like "internet gambling bill illegal" etc - be educated - be smart - read the bill and understand it. It is LEGAL to wager online at the federal level and that is not being challenged tonight.

Stay active and stay in the fight.

Good analysis. But you are incorrect when you state that it is legal to wager on-line. Title 18, Section 1084 of the US Code prohibits placing a wager on-line or over the phone. It's one of the many laws that are not enforced but technically placing a wager on-line is illegal.

[KazDog]

Good analysis. But you are incorrect when you state that it is legal to wager on-line. Title 18, Section 1084 of the US Code prohibits placing a wager on-line or over the phone. It's one of the many laws that are not enforced but technically placing a wager on-line is illegal.

You might be correct, but isn't that a US Code? Wagering online, overseas or outside of our border is legal, isn't it, even if it is online?

[BettorsChat]

Good analysis. But you are incorrect when you state that it is legal to wager on-line. Title 18, Section 1084 of the US Code prohibits placing a wager on-line or over the phone. It's one of the many laws that are not enforced but technically placing a wager on-line is illegal.

If that's the case then why are the Republicans been so die hard to get an online gambling ban bill passed? I know the wire act about taking bets over the phone between different states is illegal, but I haven't heard the one about online wagering. When was this passed? And the wire act about phone wagering is between US based states not other countries. Other Countries state that its legal in their Country to do so. And all of this is going to lead to the USA being sued by these Countries.

Again the best thing for the USA to do is regulate it which creates more jobs here in the USA and more tax revenue.

[BackDoorCvr]

You might be correct, but isn't that a US Code? Wagering online, overseas or outside of our border is legal, isn't it, even if it is online?

You're right. It is illegal in the US not elsewhere.

[BackDoorCvr]

If that's the case then why are the Republicans been so die hard to get an online gambling ban bill passed? I know the wire act about taking bets over the phone between different states is illegal, but I haven't heard the one about online wagering. When was this passed? And the wire act about phone wagering is between US based states not other countries. Other Countries state that its legal in their Country to do so. And all of this is going to lead to the USA being sued by these Countries.

Again the best thing for the USA to do is regulate it which creates more jobs here in the USA and more tax revenue.

The US Code I referenced above has been around for quite some time and is written broadly enough to encompass on-line wagers. There is no debate that wagering on-line in the US is illegal but never enforced. As far as the Republicans are concerned, it is an election year piece of meaningless legislation to appease their base. It will just create headaches for the banks but at least they can say they tried to do something. Complete BS but that's politics. And I totally agree - legalizing, regulating and taxing it is the best way to go here.

[swghost]

The media will run headlines like "internet gambling bill illegal" etc - be educated - be smart - read the bill and understand it. It is LEGAL to wager online at the federal level and that is not being challenged tonight.

Stay active and stay in the fight.

Ha ha
This is done ALL the time in the media. Thanks for the update.

I remember when they ran a story stating that vitamin E reduces life span in studies. Truth was, it was "fake" vitamin E done on terminally ill patients- but our "free press" forgot to mention that part.

Just some specualation- I do think that this will shut down plenty of "weekend gamblers" more out of fear than anything to where it may be an issue that no longer needs addressing by the politicians. But for some press of this whole issue, who knows who the US will decide to witch hunt. I do think there will be a "casuality of war" for press sake.

[swghost]

Funny

Got this froma friend in England this morning...


Perhaps the UK government, which believes its citizens have the right
to
gamble if they choose to do so, will form a coalition of the willing
with New Iraq and send in troops to liberate the increasingly repressed
people of the USA, under their
dictatorship-disguised-as-democratically-elected-President...