Congressional Hearing Provides Momentum to Reverse Internet Gambling Prohibition

[JeffreyS]

In another promising sign for reversing the prohibition of internet gambling, representatives of the U.S. Federal Reserve, Treasury Department and financial services sector testified before Congress yesterday that the proposed rules to implement the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) are unworkable.

The witnesses, including representatives of the American Bankers Association and Financial Services Roundtable, unanimously agreed that U.S. financial services companies would face serious regulatory burdens in attempting to enforce UIGEA, a law that is not likely to stop millions of Americans from gambling online.

There has been significant media coverage of the hearing, some of which can be viewed on our web site. Here is an editorial from today’s Las Vegas Review-Journal.

We believe that rather than trying to implement a ban that is unclear, burdensome and doomed to fail, Congress should instead look to regulate Internet gambling.

To learn more and contact your elected representatives to support regulation, we encourage you to visit Safe and Secure Internet Gambling Initiative.

Thanks.

Jeffrey Sandman
Safe and Secure Internet Gambling Initiative

 

[woodwidgeon]

Good to have link. will send a note to reps.

 

[lionheart527]

Thanks for the link I cant wait to see wat happens

 

[NoWuckingFurries]

Don't make the mistake of thinking that these people are on your side.
What they're trying to do is regulate US poker even more than it is now, AFAIK.

 

[Alon Ipser]

Don't make the mistake of thinking that these people are on your side.
What they're trying to do is regulate US poker even more than it is now, AFAIK.

What? The Justice Department says it falls under the wire act and therefore is illegal. Many States are making it illegal including mine where it is a felony. I myself would welcome regulation. No rigged controversy, less fly by night casinos and not having to worry if the bank is going to sieze my winnings or worse, the State is going to arrest me.

 

[NoWuckingFurries]

What? The Justice Department says it falls under the wire act and therefore is illegal. Many States are making it illegal including mine where it is a felony. I myself would welcome regulation. No rigged controversy, less fly by night casinos and not having to worry if the bank is going to sieze my winnings or worse, the State is going to arrest me.

Do you have many casinos over there that fly by night?

 

[Alon Ipser]

Oddsmaker and Tropical off the top of my head. Do you know what you are talking about or just trolling?

 

[NoWuckingFurries]

Oddsmaker and Tropical off the top of my head. Do you know what you are talking about or just trolling?

I have been watching the OP of this thread, who has started various threads that have no replies or very few replies. Here is one that did generate a few responses:

https://www.cardschat.com/forum/general-poker-13/online-gambling-shouldn-t-fund-mafia-105909/
Are you suggesting that those people were trolling, too:questionm

Or maybe zachvac was trolling in this thread:
https://www.cardschat.com/forum/gen...nal-support-legalized-online-gambling-100080/
:questionm:questionm

Or is your definition of trolling "anybody that disagrees with my own opinion" :questionm

I'm just trying to point out that these people are not necessarily acting in your best interests, I live in England where we have far too much of a nanny state, more regulation is not necessarily a good thing, and you might just be jumping out of the frying pan into the fire. Take care, and good luck!

 

[Alon Ipser]

I have been watching the OP of this thread, who has started various threads that have no replies or very few replies. Here is one that did generate a few responses:

https://www.cardschat.com/forum/general-poker-13/online-gambling-shouldn-t-fund-mafia-105909/
Are you suggesting that those people were trolling, too:questionm

No, valid points made by several posters that online poker and the mafia aren't really relevant.

Or maybe zachvac was trolling in this thread:
https://www.cardschat.com/forum/gen...nal-support-legalized-online-gambling-100080/
:questionm:questionm

No, again, but he is mistaken if he thinks eChecks are going to stay once the rules of UIGEA are enforced (if current legislation is not changed). Not only will his monies be blocked but the bank will cancel his account.

Or is your definition of trolling "anybody that disagrees with my own opinion" :questionm

No, but when you make comments like "Do you have many fly by night casinos where you're from" that is trolling. It simply is a smart ass comment.

I'm just trying to point out that these people are not necessarily acting in your best interests, I live in England where we have far too much of a nanny state, more regulation is not necessarily a good thing, and you might just be jumping out of the frying pan into the fire. Take care, and good luck!

And I am saying that I would gladly trade the way that the U.S. and Washington State in particular handle Online Poker with England any day in an instant. I think you need to realize that online Poker is a "CRIME" here. Not regulated, simply illegal, sieze my money, go to jail.

 

[Adventurebound2]

Do you have many casinos over there that fly by night?

Pretty sure he meant fly by night online casinos. Land based casinos are heavily regulated here and have to account money exactly to the penny as well as have all games randomly checked to insure they are not rigged. (main concern is slots being rigged)

 

[dj11]

Pretty sure he meant fly by night Online casinos. Land based casinos are heavy

FYP, and it was with humor I think NWF posted his original reply.

There are several states with draconian laws regarding online poker. Many are relying on what is now an old obscure law, the 1961 Wire Act. Federal Wire Act - Wikipedia, the free encyclopedia

For the life of me I can't figure the reasoning behind any of those state laws.
Many will attribute those laws to addiction prevention. I'll buy that argument when they consider the obnoxious accumulation of money an addiction. By that I am thinking those who make billions a year, not someone seeking financial security.

 

[JeffreyS]

To clarify, we are a group that is simply trying to get Congress to do the right thing on this issue.

I respect the post from the chap in England, but dont think he should criticize our efforts. In England, internet gambling is legal and regulated. You dont have to worry about finding a bank to process your transaction or worry that you have no legal recourse if you feel that you have been taken advantage of.

We believe Congress should regulate Internet gambling, not to make it more difficult for people to gamble online, but as a way to make sure that we have the legal right to do so and all the protections that should be afforded when processing a financial transaction online.

To learn more, please visit Safe and Secure Internet Gambling Initiative. See for yourself what we are all about.