http://www.simplifiedsec.com/seoblog/?p=16 It makes it illegal to use credit cards, checks and electronic fund transfers to settle online wagers.
It's flat out embarrassing for the US. Amazing how they attach a moral issue like gambling to a security bill. How is it lawful for the Federal government to outlaw online gambling, when state governments have the right to decide on their own if they accept gambling in their state?? I haven't read the details yet, I wonder how this affects payment services such as Neteller that fund gambling sites, since the user funds Neteller with a credit card or checks, not the gambling site directly.
Most U.S. issued credit cards have been blocking gambling transactions for years already. That is why most casinos accept neteller, moneybookers, and other 3rd party payment services. It will be interesting to see how this all turns out but I believe that US citizens will find a way around this new law.
It's disgusting that sellout politicians like Frist push this through under the guise of morality when he (and others) are just trying to energize their base, which is comprised of suckers. But, I guess that's more important than: - The war we are fighting - The millions of illegals flowing into this country like the waters that flow over Niagara falls. - Health care - Security on trains, busses and other targets of opportunity - The education system that's in shambles. - and so on. I'm disgusted with the Republican party. Power corrupts and having any one party in sole control of our government is bad. Time to clean house. I love how they call stopping some guy in Iowa from spending $10 betting on the a sports game online "MUST PASS" legislation. I just have one question? "Do I make you horny little boys?" --- my best Mark Foley impression.
My theory is that the state lottos, irs, lobbyists, and politicians were getting pissed at losing the money. Wouldnt be suprised if you will be able to buy lottot tickets online within the next year.
It was about money. Rep. Goodlatte even said so. There's no mystery there. The move had two main motives. 1) stop loss of money to outside sources and 2) pass it as moral legislation.
are dems against online gambling to or is this just another one of those idiotic conservative things?
Yep...too much fraud. I tried using a credit card, and it basically rejected me quite a bit. Gambling won't die online...no matter what's done.
I have already found a way to get around that law lol. Set up a membership for the user to pay money to be able be a member. You can win points, and cash it out for money.
I think this has less to do with existing laws, and more to do with money and politics. They are seeing loads of money flowing out of the country to perfectly legitimate companies trading on the London stock exchange. Instead of altering local laws to allow for competition within the States, they take a short term view and block all external access to their market.
It's a money thing. There are supporters on both sides of the Aisle. The main version didn't pass. They threw in a bland version as a rider on the port security bill to get it through.
The daily show did a great job of showing why internet gambling is bad http://www.youtube.com/watch?v=Xtqhhy4sx-U&mode=related
The government has been regulating gambling for many decades -- this isn't anything new. This doesn't create new law as much as it clarifies and helps to enforce existing law. Which, btw, sucks. There should be no laws interfering with private contracts between consensual adults in a free society.