Author Topic: Online gambling (Read 297 times)

Neubob · « **on:** October 15, 2006, 10:49:53 AM »

Anyone know, with any degree of authority, how that status of onling gambling is in the states? If you want to engage in it as a business, what are the risks for a US citizen if you host the site abroad?

The research I've done seems to lead to one conclusion: The government has done little or nothing to curb it, when it is done on a small scale, but changes may be coming.

Anyone have information that is more concrete?

Holden McGroin · « **Reply #1 on:** October 15, 2006, 10:55:06 AM »

Quote

Online gaming firm Sportingbet has sold most of its US business for $1 (53p) hours before a law was passed outlawing internet gambling across the country.
Rival Leisure & Gaming has followed suit, selling its US operation to a new firm set up by its chief executive.

But the firm said the deal may breach market rules and the London Stock Exchange has launched an investigation.

On Friday, President Bush signed into law an act making it a crime to accept proceeds from online gaming.

source

Nilsen · « **Reply #2 on:** October 15, 2006, 11:17:52 AM »

Thats what i thought Holden. I heard somthing about it on friday i belive and the share prices of alot of major international gambeling firms hit rock bottom.

Neubob · « **Reply #3 on:** October 15, 2006, 11:26:59 AM »

Thanks holden.

john9001 · « **Reply #4 on:** October 15, 2006, 11:31:45 AM »

gambling is EVIL, unless of course it's a state run lottery, or indian casinos, or state controlled casinos (vegas, atlantic city), or horse tracks, or dog tracks, or .....

Eagler · « **Reply #5 on:** October 15, 2006, 11:32:57 AM »

just wonder how they are going to enforce the new law ...

Gunthr · « **Reply #6 on:** October 15, 2006, 11:44:10 AM »

I can tell you the status of online gambling in Florida, having delt with the issue recently. According to the FDLE, online gambling in Florida is NOT REGULATED. The technology has far outpaced the law in this area, with the result that, although the state of FL very much wants to regulate it, there are no enforcible laws or legislation. One major problem is jurisdiction.

For example, if you live in Florida, and you make a wager from your computer using an online gambling website who's server is based off-shore in Costa Rica, where gambling is legal, you run into a jurisdiction quandry. Where is the internet located? It is everywhere at the same time. How do you solve the issue of jurisdiction. There is plenty here to stymie prosecutors.

General consensus is that Federal laws stand the best chance of regulating it, but perhaps only via indirect laws directed at banks, credit cards, etc used in transactions. It remains to be seen how effective recent laws will be... perhaps gamblers will use paypal ....

Gunthr · « **Reply #7 on:** October 15, 2006, 12:01:45 PM »

Nuebob, to answer your question about an American hosting a site abroad, just forget about it - unless you never want to return to the states.

That is one area of the issue where felony racketering/conspiricy charges are being filed against Americans running gambling sites that are taking wagers from other Americans. When these bookies return or visit from abroad they are subject to arrest, and have been arrested recently, as they stepped off the plane.

New York Times

x0847Marine · « **Reply #8 on:** October 15, 2006, 12:44:45 PM »

The rebpubliclones pushed this thru congress at the last minute in typical shady fashion, not giving the democlones time to even read it. According to some loser clone named Lautenberg, no one on the Conference Committee had even seen the final language of the bill.

In drafting the law, the rebubliclones relied on the National Gambling Impact Study Commission, headed by a fellow republiclone named Kay Coles James. So the clones hired a fellow hack to tell them what they wanted to hear, then pushed a law thru.

The slapdick clone that pushed the legislation said it was bringing gambling into the home... uh, yea that's the point.. its easier than leaving home stupid.
They don't care one dickstroke about the alleged evils of it, they want to get their grubby hands on the $$ so they can waste it. They're seeking to get over $4 BILLION from this one dudes company alone.

Neubob · « **Reply #9 on:** October 15, 2006, 12:45:02 PM »

Thanks gunthr.

john9001 · « **Reply #10 on:** October 15, 2006, 12:52:37 PM »

the states have the same problem with collecting sales tax on internet sales.

FiLtH · « **Reply #11 on:** October 15, 2006, 01:14:39 PM »

Im glad gambling does'nt appeal to me. Money comes to hard to lose so easily. I'd like to see a poll of gamblers to see what they do for work.

Neubob · « **Reply #12 on:** October 15, 2006, 01:49:18 PM »

Quote

Originally posted by FiLtH
I'd like to see a poll of gamblers to see what they do for work.

I think that's like asking to see a poll of people who drink alcohol, to see what they do for work. The spectrum is much too wide, and the effects are much the same. Some gamble within reason, have a good time, then quit. Others get hooked.