Neteller out of Poker Business

[Wreckem]

Originally posted by: KarmaPolice

Originally posted by: manly
Hurray for the GOP Senators who rammed that legislation down our throats! Your leadership will be missed in the new Congress!

just as a side note...The bastard who snuck the bill in the last day of congress..Bill Frist..was NOT re elected. ouch..

I was so pissed when that happened. He wrote this one article(cant find it) where he talked about how happy he was that it passed. he went on to say how he was glad that party pokers stock crashed and that he is saving the american family. You ******...yeah..you just restricted what we do with our hard earned money...WHILE taking joy in hurting another countries economy and hurting OTHER families that had their money invested in a PUBLICLY traded company.

Bill Frist didnt run for re-election.

 

[yowolabi]

I can't believe anyone could even think to bring kids into this conversation.

If your kid is gambling online and using your credit card without your knowledge, gambling sites aren't your biggest problem.

 

[Wreckem]

Originally posted by: manly

Originally posted by: KarmaPolice

Originally posted by: manly
Hurray for the GOP Senators who rammed that legislation down our throats! Your leadership will be missed in the new Congress!

just as a side note...The bastard who snuck the bill in the last day of congress..Bill Frist..was NOT re elected. ouch..

I was so pissed when that happened. He wrote this one article(cant find it) where he talked about how happy he was that it passed. he went on to say how he was glad that party pokers stock crashed and that he is saving the american family. You ******...yeah..you just restricted what we do with our hard earned money...WHILE taking joy in hurting another countries economy and hurting OTHER families that had their money invested in a PUBLICLY traded company.

Well, Senate Majority Leader Bill Frist did not run for re-election because he's not a career politician. His presidential ambitions are now dead in the water because he's was Pres. Bush's Senate lap dog for years.

I don't expect the new Congress to reverse this law anytime soon.

Correct because IIRC it passed overwhelmingly in both chambers of congress.

 

[buck]

Originally posted by: Wreckem

Originally posted by: buck

Originally posted by: slayer202

Originally posted by: KarmaPolice

Originally posted by: Queasy
Is this just for poker or does it affect sports gambling too?

I believe it is for sports betting as well.

correct. Got the email from bodog yesterday I believe.

Doesnt bodog allow you to take right from your bank account? Can i ask, if you use bodog, why you dont use that option?

Uh, banks will decline that transaction. Internet gambling has always been illegal in the US. Late last year the implemented laws that allowed the government to go after banks or other companies that allowed people to transfer funds to gambling sites.

Not true at all. Please don't add misinformation.

(in response to your first comment)

 

[Wreckem]

Originally posted by: KarmaPolice

Originally posted by: Queasy

Originally posted by: buck

Originally posted by: Tom

Originally posted by: buck
Really this is rediculous. Its just fine if we want to go to a Casino, but from the comfort of our own homes, its illegal.....

For the record, i just like to play poker online.

for starters, it's easier to establish you are you, and you're old enough, at a casino.

Both of which are completely impossible to establish over the internet.

Correct me if i am wrong, but i dont think the reason for this was the age issues. The same could be said for online porn or anything else that is age required on the internet. This has more to do with taxes than anything....

Ding Ding Ding! The only gambling the federal/state government is in favor of is the kind it can control and tax (the latter being the most important).

well the official "arguements" are that.

1. It is too easy for the impulsive gambler to lose his money online. and we as the governemtn need to take care fo everyone and not let them take care of themselves...so we cant allow that.

2. Kids can play. And of course, its not the families responsibility to watch their children, its the governments.

3. Its funding terrorists orginizations. Nevermind the fact that we have no proof, some are publicly traded companies, and that the UK wants to regulate it. Its Terrorism BE SCARED AND LISTEN TO ME>

The real reason is internet gambling is impossible to regulate. Legal gambling in the US is highly regulated. Almost all the online gambling sites have broken numerous federal laws. IIRC the founder of Bodog cant step foot in the US because he is wanted on numerous federal charges. IIRC fraud, money laundering, and tax evasion.

 

[Wreckem]

Originally posted by: buck

Originally posted by: Wreckem

Originally posted by: buck

Originally posted by: slayer202

Originally posted by: KarmaPolice

Originally posted by: Queasy
Is this just for poker or does it affect sports gambling too?

I believe it is for sports betting as well.

correct. Got the email from bodog yesterday I believe.

Doesnt bodog allow you to take right from your bank account? Can i ask, if you use bodog, why you dont use that option?

Uh, banks will decline that transaction. Internet gambling has always been illegal in the US. Late last year the implemented laws that allowed the government to go after banks or other companies that allowed people to transfer funds to gambling sites.

Not true at all. Please don't add misinformation.

(in response to your first comment)

Banks can be held accountable under the new law. Now some banks might allow the transaction, most won't.

 

[FreshPrince]

Uncle Sam's gotta get his cut....

you'd figure the amount of free money they are making, it would not be an issue to pay t3h man...

 

[buck]

Originally posted by: Wreckem

Originally posted by: buck

Originally posted by: Wreckem

Originally posted by: buck

Originally posted by: slayer202

Originally posted by: KarmaPolice

Originally posted by: Queasy
Is this just for poker or does it affect sports gambling too?

I believe it is for sports betting as well.

correct. Got the email from bodog yesterday I believe.

Doesnt bodog allow you to take right from your bank account? Can i ask, if you use bodog, why you dont use that option?

Uh, banks will decline that transaction. Internet gambling has always been illegal in the US. Late last year the implemented laws that allowed the government to go after banks or other companies that allowed people to transfer funds to gambling sites.

Not true at all. Please don't add misinformation.

(in response to your first comment)

Banks can be held accountable under the new law. Now some banks might allow the transaction, most won't.

I spoke about bodog which has allowed atleast three major us banks from what i have personally seen. When you say most, what proof do you have?

 

[KLin]

nvm

 

[JEDI]

Originally posted by: KarmaPolice
Following the arrests of 2 former Neteller employees Neteller has officially pulled out of the US market for poker and will no longer support Poker Stars or Full Tilt.

I hate our government...

LINK(brought to you by Klin): http://www.redherring.com/Article.aspx?a=20804&hed=Neteller+Exit+Deals+Disarray

R.I.P. online poker in USA

 

[manly]

Originally posted by: Wreckem

Originally posted by: manly
Well, Senate Majority Leader Bill Frist did not run for re-election because he's not a career politician. His presidential ambitions are now dead in the water because he's was Pres. Bush's Senate lap dog for years.

I don't expect the new Congress to reverse this law anytime soon.

Correct because IIRC it passed overwhelmingly in both chambers of congress.

Well, not really. It was snuck into a port security bill IIRC.

IMO it would have never passed Congress standalone.

 

[preslove]

Originally posted by: buck

Originally posted by: Tom

Originally posted by: buck
Really this is rediculous. Its just fine if we want to go to a Casino, but from the comfort of our own homes, its illegal.....

For the record, i just like to play poker online.

for starters, it's easier to establish you are you, and you're old enough, at a casino.

Both of which are completely impossible to establish over the internet.

Correct me if i am wrong, but i dont think the reason for this was the age issues. The same could be said for online porn or anything else that is age required on the internet. This has more to do with taxes than anything....

No, two interests were behind the ban:

1). Nanny state christian conservative fascist motherfvcking douches who have nothing better to do than restrict the leisure activities of others.
2). Casinoes.

 

[sixone]

Originally posted by: preslove
No, two interests were behind the ban:

1). Nanny state christian conservative fascist motherfvcking douches who have nothing better to do than restrict the leisure activities of others.
2). Casinoes.

And we know which one of those has the big bucks, don't we?

 

[Kyteland]

Originally posted by: sixone

Originally posted by: preslove
No, two interests were behind the ban:

1). Nanny state christian conservative fascist motherfvcking douches who have nothing better to do than restrict the leisure activities of others.
2). Casinoes.

And we know which one of those has the big bucks, don't we?

Do you have any idea how much money casinos stand to make if internet betting was legal?

 

[sixone]

Originally posted by: Kyteland

Originally posted by: sixone

Originally posted by: preslove
No, two interests were behind the ban:

1). Nanny state christian conservative fascist motherfvcking douches who have nothing better to do than restrict the leisure activities of others.
2). Casinoes.

And we know which one of those has the big bucks, don't we?

Do you have any idea how much money casinos stand to make if internet betting was legal?

But they have to allow competition in order to get it. Not worth it.

 

[Kyteland]

Originally posted by: sixone

Originally posted by: Kyteland
Do you have any idea how much money casinos stand to make if internet betting was legal?

But they have to allow competition in order to get it. Not worth it.

Yes, it totally would be. And you're wrong about the competition part. It would be as highly regulated as the current industry, which is a significant barrier to entrance. The casinos already have all of that in place.

<-- Works in the industry.

 

[sixone]

Originally posted by: Kyteland

Originally posted by: sixone

Originally posted by: Kyteland
Do you have any idea how much money casinos stand to make if internet betting was legal?

But they have to allow competition in order to get it. Not worth it.

Yes, it totally would be. And you're wrong about the competition part. It would be as highly regulated as the current industry, which is a significant barrier to entrance. The casinos already have all of that in place.

<-- Works in the industry.

And who's going to regulate all the overseas sites that are readily available on the internet? Who's going to regulate what site I choose to gamble on?

 

[Kyteland]

Originally posted by: sixone

Originally posted by: Kyteland

Originally posted by: sixone

Originally posted by: Kyteland
Do you have any idea how much money casinos stand to make if internet betting was legal?

But they have to allow competition in order to get it. Not worth it.

Yes, it totally would be. And you're wrong about the competition part. It would be as highly regulated as the current industry, which is a significant barrier to entrance. The casinos already have all of that in place.

<-- Works in the industry.

And who's going to regulate all the overseas sites that are readily available on the internet? Who's going to regulate what site I choose to gamble on?

You haven't been paying very much attention to our government lately, have you? You'd still be stuck with the same crap they're doing now (shutting down access to overseas poker/sports betting sites) but you'd also have access to online casinos that have made it through regulatory approvals for the state you live in.

You seem to think this would be some kind of free for all. Let me emphasize the words heavily regulated.

 

[FoBoT]

neener neener boo boo , stick your head in doo doo

 

[Kyteland]

Originally posted by: FoBoT
neener neener boo boo , stick your head in doo doo

Now what?

*Wipes doo doo out of eyes*

Man, I hope that was leading somewhere.

 

[KarmaPolice]

Originally posted by: Wreckem

Originally posted by: KarmaPolice

Originally posted by: Queasy

Originally posted by: buck

Originally posted by: Tom

Originally posted by: buck
Really this is rediculous. Its just fine if we want to go to a Casino, but from the comfort of our own homes, its illegal.....

For the record, i just like to play poker online.

for starters, it's easier to establish you are you, and you're old enough, at a casino.

Both of which are completely impossible to establish over the internet.

Correct me if i am wrong, but i dont think the reason for this was the age issues. The same could be said for online porn or anything else that is age required on the internet. This has more to do with taxes than anything....

Ding Ding Ding! The only gambling the federal/state government is in favor of is the kind it can control and tax (the latter being the most important).

well the official "arguements" are that.

1. It is too easy for the impulsive gambler to lose his money online. and we as the governemtn need to take care fo everyone and not let them take care of themselves...so we cant allow that.

2. Kids can play. And of course, its not the families responsibility to watch their children, its the governments.

3. Its funding terrorists orginizations. Nevermind the fact that we have no proof, some are publicly traded companies, and that the UK wants to regulate it. Its Terrorism BE SCARED AND LISTEN TO ME>

The real reason is internet gambling is impossible to regulate. Legal gambling in the US is highly regulated. Almost all the online gambling sites have broken numerous federal laws. IIRC the founder of Bodog cant step foot in the US because he is wanted on numerous federal charges. IIRC fraud, money laundering, and tax evasion.

The only reason that they are in troulbe mostly is becuase they wont make it totally legal in the US. Largely the only thing seperating the horse betting ONLINE in the us to poker sites is that the US government thinks that betting on horses is OK but sports and poker is bad. Also if you want to play the lotta and lose money that way..its ok too..just not poker or sports..they are the devil.

and to those that say the casinos want to close down the internet sites. I dont think this is true. The casinos stand to make a lot of money if internet poker was legal. Heck the big draw and what made poker so popular was the WSOP. Without all the internet gambling satillites into the tourney it will be tiny this year. Online poker helps peolple get into B&M places. I know if I never played online I would not go to the B&M place half as much. If they let the casinos regulate it and make it from US soil everyone would go to it. Think about it....who do u trust more Harrahs or Party Poker.

There is a theory about the casino's lobbying group. Obviously they have a ton of money and probably know how to use it. The theory is that they pushed to make it illegal so that party, pstars, and all the big players would be crushed and pushed out of the market. After that is over the idea is that they will make it illegal, allowing the US casinos to get all the players. Of course..this is a stretch.

 

[preslove]

Originally posted by: sixone

Originally posted by: preslove
No, two interests were behind the ban:

1). Nanny state christian conservative fascist motherfvcking douches who have nothing better to do than restrict the leisure activities of others.
2). Casinoes.

And we know which one of those has the big bucks, don't we?

One has the big bucks, the other has the votes and the activists. The votes and the activists are very important. Ever heard of the Jack Abramoff scandal?.

Here's how it worked:
1). Indian tribe hires Abramoff to lobby for them against legislation that would add competition.
2). Abramoff talks to friend Ralph Reed, former head of the Christian Coalition.
3). Reed uses Christian activists to defeat the legislation.

Grass roots activism is a very powerful tool.

 

[goog40]

Anyone unfortunate enough to still have money in Neteller better get it out NOW. They've suspended (at least for US members) the EFT withdrawals, stopped allowing use of their ATM card for withdrawals, and the check request method states that it won't arrive for 6-8 weeks (who knows if Neteller will even exist in 6-8 weeks).

People on other forums were charging 5% juice on up to $50k/day to convert Neteller funds to other funds:Q. I saw an ebay auction where a guy "sold" his $375 in Neteller for a little over $200 paypal. It's pretty nuts, I'm just glad I had withdrawn most of my money prior to this past month and didn't take too big of a loss.