Follow the Internet Gambling Hearing on May 19th!

[wsorbust]

IMO, it'll be years before Congress cares about something the majority doesn't use, a.k.a. the internet. Did you see Rod Blagojevich try to use a computer on "The Apprentice"? He was a governor and barely knew how to turn it on. Imagine if you were a Congressman/woman. They probably think texting is too advanced technology to even bother with because it's too far over their heads.

 

[rcbstuff]

I listened to it for short time before I got bored by it. It comes down to this the gov. is not getting there piece of the pie and they want it. Now they need to figure out how to do it.

 

[Corey]

So is the UIGEA repealed yet?

NOT!

 

[Corey]

IMO, it'll be years before Congress cares about something the majority doesn't use, a.k.a. the internet.

The majority doesn't use the internet? That's really interesting. I thought the VAST MAJORITY of people in the USA use it.

 

[Corey]

One more thing - and this assumes you are a winning player.

Any taxes you may have to pay if poker were legalized in the USA would be dwarfed by the amount of deposit and reload bonuses, and the increased pool of USA fish online.

You would make orders of magnitude more money provided it were legalized & taxed in the USA.

 

[ander]

Well?
what happened...did smth change or the UIGEA is still on for 1 june or smth?

 

[CSuave]

Still set for June 1. There was no chance of it being repealed as it is attached to the Port Safety Act. The only chance is to set up new laws to regulate internet wagering or more specifically poker. And that will still be long after June 1 if it occurs.

 

[Tom1559]

I cannot believe what the US government puts it citizens through on online poker. I UK is quite relaxed about it. I feel for your guys.

 

[wsorbust]

The majority doesn't use the internet? That's really interesting. I thought the VAST MAJORITY of people in the USA use it.

Bad phrasing?

The major of congress doesn't use it. They are too old and out of touch with technology.

 

[drgilbert4]

I cannot believe what the US government puts it citizens through on online poker. I UK is quite relaxed about it. I feel for your guys.

Yes... Thank you for your sentiments. Our government is becoming more and more like European governments in all the wrong ways while becoming less like them in any of the right ways! I wish they would get out of our personal affairs. I think we could benefit from more of the great freedom that our grandfathers and great grandfathers have fought and died for.

 

[NCfoldem]

Here is a You tube link for some of the May 19th hearing:

YouTube- Financial Services Hearing on Regulating Internet Gambling

In case you're interested.