I notice tons of online gambling threads here about poker and such - well it is all over now. . .

[episodic]

http://business.timesonline.co.uk/article/0,,9070-2384407,00.html

There is a thread in P&N, too - but I know lots of you off-topicers don't venture there often. . .

I don't gamble online or IRL - but I found this interesting anyway. . .

 

[fire400]

msn had an article about which online poker sites to trust.

 

[episodic]

You didn't read the article. It will now be illegal for banks or credit card agencies to process this stuff - it is law. It only remains to be signed by the president, which he will. . .

 

[bunker]

I know of at least one online poker site that let's you pay with a calling card. It won't end, they'll find loopholes.

 

[Drakkon]

wow now how are all those texas holdem dudes going to make any money?
and what happens to goldenpalace.com?? no more buying random stuff off ebay for them i imagine...

 

[episodic]

Originally posted by: bunker
I know of at least one online poker site that let's you pay with a calling card. It won't end, they'll find loopholes.

How did the calling cards process money? I'd imagine it passed through a US bank.

 

[Slew Foot]

Looks like youll have to pay in cash somehow, and then cash in check or something. I cant imagine theyd stop you from depositing money.

 

[episodic]

Originally posted by: Slew Foot
Looks like youll have to pay in cash somehow, and then cash in check or something. I cant imagine theyd stop you from depositing money.

Umm checks are processed by banks.

 

[MikeMike]

Originally posted by: episodic

Originally posted by: Slew Foot
Looks like youll have to pay in cash somehow, and then cash in check or something. I cant imagine theyd stop you from depositing money.

Umm checks are processed by banks.

Check into cash.

now you will have the companies opening up check into cash divisions, you send check there, they turn it into cash, and send it to the hosting site.

then you have it legal again.

 

[episodic]

Originally posted by: MIKEMIKE

Originally posted by: episodic

Originally posted by: Slew Foot
Looks like youll have to pay in cash somehow, and then cash in check or something. I cant imagine theyd stop you from depositing money.

Umm checks are processed by banks.

Check into cash.

now you will have the companies opening up check into cash divisions, you send check there, they turn it into cash, and send it to the hosting site.

then you have it legal again.

So the company doing this is not going to use a US bank?

 

[bunker]

Originally posted by: episodic

Originally posted by: bunker
I know of at least one online poker site that let's you pay with a calling card. It won't end, they'll find loopholes.

How did the calling cards process money? I'd imagine it passed through a US bank.

Yes, it does pass through a bank, so what? I bough a calling card, nothing else. The poker site happens to accept that calling card as payment. Where's the problem?

 

[Slew Foot]

I mean, you pay them in cash to open the account. Then when they pay you, they send you a check or MO. That sounds like it could fly.

On a side note, Im hating the right wing nutcases more and mroe every day. Even though they say it's based on "morality", you know its because their friends in vegas arent making any money or taxes of off it.

 

[MikeMike]

Originally posted by: episodic

Originally posted by: MIKEMIKE

Originally posted by: episodic

Originally posted by: Slew Foot
Looks like youll have to pay in cash somehow, and then cash in check or something. I cant imagine theyd stop you from depositing money.

Umm checks are processed by banks.

Check into cash.

now you will have the companies opening up check into cash divisions, you send check there, they turn it into cash, and send it to the hosting site.

then you have it legal again.

So the company doing this is not going to use a US bank?

here is how i see it.

Gambling Site A, creates a Company B on american soil, all it does is take checks, and turn them into cash.

however, when you cash those checks, you can tell the company to send $XXX to Gambling Site A, and $X to you.

thus, we have a way to get cash, with a reciept, to them, almost.

 

[doze]

This sounds a lot like a feelgood law that is impossible to implement or enforce due to so many different banks and processing entities on both sides.

 

[fire400]

well I just thought about it

internet has so many scams

you could lose all of your information to a bunch of garage-geek thugs

and then how about the software, what are the chances of winning on your part?

if you really wanna gamble your money away, you might as well think about the possible good tasting junkfood you will get on a win-win situation rather than try to lose it all in attempts to get more

I mean, think of the whopper for crying out loud...

 

[Dean]

This is such a strange law. The government vice is squeezing you all tighter and tighter. It has nothing to do with morality. If it was, all forms of gambling would be banned. Talk about being spoon fed BS.

 

[KLin]

Originally posted by: Dean
This is such a strange law. The government vice is squeezing you all tighter and tighter. It has nothing to do with morality. If it was, all forms of gambling would be banned. Talk about being spoon fed BS.

It's about the US government not getting their share(aka taxes) of the online gambling revenue. I bet the B&M casinos in Vegas, AC, etc. were pushing hard for this law also.

 

[necine]

Well this is good for neteller.

It wont stop anything... just another link in the chain. Everyone will use neteller now.

 

[KarmaPolice]

I have been following this for a while. I have tried to tell people to go out and call their reps but there isnt much we could do. I still dont see why the big poker companies didnt have a PR campain for it or anything like that...they just kinda let it happen. They have all put out statements that they will look into the bill...the wording is very weak, and will try to get a lot of it changed. Also people need to take into consideration that once the bill is signed by the president it will take 270 days to actually start working.

Now I havent read the bill but so far this is what I get from it from the parts I have seen people posted and interpet (mostly lawyer dudes). Its very vauge on what exactly it is against and what the bill does. At the moment a lot of people are thinking that this bill is too poorly worded to actually stop all the poker gambling going on. This bill should not directly attack Neteller cause it attacks gambling activies..and Neteller is not a gambling activity. What it does is say that the banks cannot accept or transfer money to those sites..and those sites are not allowed to accept or send money to US banks. Now first off...Why would the poker sites listen..they arnt in the US..and 2..the banks cant tell if the neteller money is poker money..and even then the banks dont want this burden. I have read a few articles that the Banks of america do not want this law made because the amount of work they would have to do to enforce it is way too much..and realisticly is not possible.

Really the effect of this bill if any is the decrease in the easy players. The good players..or the players that THINK they are good will find ways around it and know how to get away with it. The bad people..who just have money to spend, or just want to try it out, or want to get better...will not take the time to get through the system.

I still cant believe this guy got it through. Acouple days ago we were in the clear...and then he had to tack it on to a bill that had nothing to do with poker....i fricken hate how they can do that.


Ah well...


*rambled a lot, did not check spelling or grammer mistakes...which is pretty obvious.*

 

[quakefiend420]

Originally posted by: KLin

Originally posted by: Dean
This is such a strange law. The government vice is squeezing you all tighter and tighter. It has nothing to do with morality. If it was, all forms of gambling would be banned. Talk about being spoon fed BS.

It's about the US government not getting their share(aka taxes) of the online gambling revenue. I bet the B&M casinos in Vegas, AC, etc. were pushing hard for this law also.

ding ding

/thread

 

[JEDI]

Originally posted by: episodic
http://business.timesonline.co.uk/article/0,,9070-2384407,00.html

There is a thread in P&N, too - but I know lots of you off-topicers don't venture there often. . .

I don't gamble online or IRL - but I found this interesting anyway. . .

888.com is a moron. one of their players won the 2006 wsop. They could milk SO much from that win. but instead they IMMEDIATELY withdraw from the US market even tho:

1) The bill has a 270 day waiting period
2) The bill outlaws DEPOSITS into gambling sites by credit card.

for #2, most credit card companies disallow funding a gambling site already.

 

[akshatp]

Originally posted by: necine
Well this is good for neteller.

It wont stop anything... just another link in the chain. Everyone will use neteller now.

From this article, you are mistaken.

Any ban would also hit payment-processors like Neteller Plc and Optimal Group's FireOne subsidiary.

 

[Garet Jax]

Originally posted by: necine
Well this is good for neteller.

It wont stop anything... just another link in the chain. Everyone will use neteller now.

Not everyone - can't sign up if you live in Maryland.

 

[mugs]

Originally posted by: JEDI

Originally posted by: episodic
http://business.timesonline.co.uk/article/0,,9070-2384407,00.html

There is a thread in P&N, too - but I know lots of you off-topicers don't venture there often. . .

I don't gamble online or IRL - but I found this interesting anyway. . .

888.com is a moron. one of their players won the 2006 wsop. They could milk SO much from that win. but instead they IMMEDIATELY withdraw from the US market even tho:

1) The bill has a 270 day waiting period
2) The bill outlaws DEPOSITS into gambling sites by credit card.

for #2, most credit card companies disallow funding a gambling site already.

Perhaps they know more about the specifics of this law than we do.

 

[Lucky]

This sucks. Bill Frist sucks. Republicans suck.