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US Bans Online Gambling

Discussion in 'Members' Lounge' started by IceBolt, Oct 3, 2006.

  1. IceBolt

    IceBolt Senior Member

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  2. BigJ

    BigJ I'm just about that action Boss. VIP

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    I know someone that made 6 figures last year online gambling.
     
  3. eg6sir

    eg6sir Supa Mod Moderator VIP

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    my friend told me about this yesterday.. i play on pokerstars and they have money tables up still .. but it could be for other countries, i dont know.. i dont have any cash on there right now or i would try to play some money games
     
  4. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    thats why the money games are based out of the cayman islands or some other foreign country. this has been in the works for a while.
     
  5. jamesA

    jamesA Well known pissed off telephone guy VIP

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    I'm moving to whatever country is involved with this part. Fuckin senators, oh well I only do play money on pokerstars.com anyway, I can't get shit for hands at all, I'm not putting money up.

    Edit: I'm not sure how the Federal government can completely stop this anyway, not everyone starts throwing their Debit card account numbers to the boards. A lot of them play with their credit cards, and I bet some use paypal. If paypal is a US based company, the feds might be able to do something about it. But there is no way in hell an outside of the US gambling site will ever be restricted to US gamblers.

    Chaulk another useless bill up to people who get paid too much to take away civil liberties.

    Them fuckin terrorists are winning little by little.
     
    Last edited: Oct 3, 2006
  6. pissedoffsol

    pissedoffsol RETIRED

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    it's been illegal for some time now... its just now going to be put into effect.

    The terrorists are winning............ cuz you all voted for a house full of repub's.
     
  7. jamesA

    jamesA Well known pissed off telephone guy VIP

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    I never voted for the bush. Shaven is the best.
     
  8. DarkHand

    DarkHand Senior Member VIP

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    The bill makes it illegal for any business that operates in the US to handle money related to online gambling. So if a foreign company is caught putting poker money into a US-based account, they can no longer operate in the US. For their own safety, all the big poker sites are soon disallowing US IPs from participating in money games. The only way I can figure to do it now is to set up a bank account somewhere out of the country, and use a foreign proxy to connect to the poker sites.

    And it's all our fault for voting in the people who are letting them win. :ph34r:
     
    Last edited: Oct 4, 2006
  9. IceBolt

    IceBolt Senior Member

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    What if they pay by VISA, MasterCard or Paypal, can US online gamblers pay other countries poker sites?

    If I were to start up a poker site outside the US, does anyone know what steps I need to take? You mentioned something about the business putting money in a US-based account. Do you need to put money in the bank to start up a poker site?
     
  10. Vosty

    Vosty "REP 4 U" Whore Member!!!

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    Personally I don't gamble... however I think if someone wants to gamble they should be able to have the chose 2... Why are they so worried about it? Will it truly boost security on our nations ports?
     
    Last edited: Oct 4, 2006
  11. DarkHand

    DarkHand Senior Member VIP

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    No online gambling money can change hands at all to or from anyone in the US. US companies (Credit card companies and transaction sites like Paypal and Neteller were mentioned specifically) are barred from moving any and all online gambling money. My brother practically makes (made) a living playing online poker, so he knows the specifics much better than I do... From what I can gather though, the bill is open ended enough and meant to entirely stop online gambling in the US. There is no way for you (as a gambling site) to legally get any money in or out of the hands of anyone in the US. If a foreign company tries it they are then barred from doing any buisiness with anyone in the US at all. :confused:

    Because they don't get any taxes from it. And someone must have stopped the kickbacks.
     
    Last edited: Oct 4, 2006
  12. DarkHand

    DarkHand Senior Member VIP

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    There's now a glimmer of hope... The bill prevents sites from operating when they have a vested interest in the outcome of a game. Sites like partypoker had to shut down because they operate other games aside from Hold'em where they would profit more from the player losing.

    Pure poker sites like Tigerpoker argue however that they do not have a vested interest in the outcome of a hold'em hand, since their rake is the same no matter who wins or loses. They're taking a risk and staying open to US players, and hopefully they'll be ok, though it remains to be seen if any transaction companies will be brave enough to work with them.

    Online poker seems to at least have gone from totally dead to a single heartbeat on the operating table.
     
  13. IceBolt

    IceBolt Senior Member

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    That's great, thanks for the update darkhand. I hope it stays alive
     
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