Is anyone concerned about tomorrow (7/10/07)?

[MasterLJ]

I was fully expecting Legislation to be aglow with speculation about tomorrow's deadline. I do not have faith in the UIGEA and the AG/Fed's ability to come up with a solution, but with the Neteller fiasco only a few months old I feel that we should be cautious with the amounts of money we have online.

No one is concerned? Although the AG has had his hands full, we've had posts over the months that have stated in no uncertain terms that banks have been begun to install methods to block online transactions. Were these proven to be bogus?

Is it plausible to think banks will refuse to pay out of pocket to regulate "unlawful" internet gambling using the argument that in most cases what they are being asked to block aren't transactions from "unlawful" online gambling?

Help me out here.

[questions]

I'm concerned about next Thursday.

[TruePoker CEO]

Tomorrow, it will be business as usual at TruePoker.

[MasterLJ]

[ QUOTE ]
I'm concerned about next Thursday.

[/ QUOTE ]

That's the Neteller deadline, correct?

[questions]

[ QUOTE ]
[ QUOTE ]
I'm concerned about next Thursday.

[/ QUOTE ]

That's the Neteller deadline, correct?

[/ QUOTE ]

From what I understand, Rapture occurs about 2:51 p.m. that day.

[MasterLJ]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I'm concerned about next Thursday.

[/ QUOTE ]

That's the Neteller deadline, correct?

[/ QUOTE ]

From what I understand, Rapture occurs about 2:51 p.m. that day.

[/ QUOTE ]

The Rapture is a 19th Century fabrication =).

Can we steer the conversation away from floating believers?

[4_2_it]

Don't know anything about next Thursday, but I do know that betting $777 on the Number 7 at 7:07 PM on 7/7/07 seemed like a good idea at the time.

[Backspin20]

[ QUOTE ]
Don't know anything about next Thursday, but I do know that betting $777 on the Number 7 at 7:07 PM on 7/7/07 seemed like a good idea at the time.

[/ QUOTE ]

put me down for $7.77

[SteelWheel]

Nope, not in the least..Congress can enact and the President can sign (and therefore enact into law) any bill they like, and specify a period for regulations pursuant to such an Act as they might like.

But the unelected, unaccountable government bureaucrats who draft those regulations are part of a permanent government, which tends to remain in power regardless of which political party is in power at any given time. Believe me, the last day of that 270 day period about which so many were concerned is just one more "X" through the calendar, as the bureaucrats count the number of days they have until they retire. There have been laws passed ten, twenty, or more years ago, which still don't have regulations passed to clarify how those laws are to be enforced.

Truthfully, I think the DOJ prefers not having regulations in place--a sane set of regulations (if those discharged with drafting such regs had actually bothered to study the issues they were about to regulate) could possibly have hamstrung the DOJ from making their big splash, with the Neteller and sports bookmakers arrests. Not likely, but possible.

Truthfully, I'll be surprised if we see any regulations appear at any point in the near future. We'll see them when the online sites affiliate with the B&M casinos, and get the okey-dokey from the government to do so..Naturally, this will mean paying two rakes, one to the online site, and the other to the goverment, thus making it much more difficult to make a living at online poker.

[RoundGuy]

[ QUOTE ]
Don't know anything about next Thursday, but I do know that betting $777 on the Number 7 at 7:07 PM on 7/7/07 seemed like a good idea at the time.

[/ QUOTE ]
Well, no wonder. 7:07 pm is 19:07 army time. You were 12 hours late. Dumb*** /images/graemlins/cool.gif

[prodonkey]

[ QUOTE ]
Nope, not in the least..Congress can enact and the President can sign (and therefore enact into law) any bill they like, and specify a period for regulations pursuant to such an Act as they might like.

But the unelected, unaccountable government bureaucrats who draft those regulations are part of a permanent government, which tends to remain in power regardless of which political party is in power at any given time. Believe me, the last day of that 270 day period about which so many were concerned is just one more "X" through the calendar, as the bureaucrats count the number of days they have until they retire. There have been laws passed ten, twenty, or more years ago, which still don't have regulations passed to clarify how those laws are to be enforced.

Truthfully, I think the DOJ prefers not having regulations in place--a sane set of regulations (if those discharged with drafting such regs had actually bothered to study the issues they were about to regulate) could possibly have hamstrung the DOJ from making their big splash, with the Neteller and sports bookmakers arrests. Not likely, but possible.

Truthfully, I'll be surprised if we see any regulations appear at any point in the near future. We'll see them when the online sites affiliate with the B&M casinos, and get the okey-dokey from the government to do so..Naturally, this will mean paying two rakes, one to the online site, and the other to the goverment, thus making it much more difficult to make a living at online poker.

[/ QUOTE ]

exactly.. which is another reason why they don't want to clarify the wire act, and have not gone after "poker" under it. If it ends up in court it imo, won't hold up.

[4_2_it]

[ QUOTE ]
[ QUOTE ]
Don't know anything about next Thursday, but I do know that betting $777 on the Number 7 at 7:07 PM on 7/7/07 seemed like a good idea at the time.

[/ QUOTE ]
Well, no wonder. 7:07 pm is 19:07 army time. You were 12 hours late. Dumb*** /images/graemlins/cool.gif

[/ QUOTE ]

D'oh!

[Lostit]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I'm concerned about next Thursday.

[/ QUOTE ]

That's the Neteller deadline, correct?

[/ QUOTE ]

From what I understand, Rapture occurs about 2:51 p.m. that day.

[/ QUOTE ]

Its good to see someone from Focus on Families posting on the board

[Legislurker]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I'm concerned about next Thursday.

[/ QUOTE ]

That's the Neteller deadline, correct?

[/ QUOTE ]

From what I understand, Rapture occurs about 2:51 p.m. that day.

[/ QUOTE ]

Its good to see someone from Focus on Families posting on the board

[/ QUOTE ]

You know its the Rapture because everyone from FoF will be left on Earth and wondering why.

[Jestocost]

[ QUOTE ]
Truthfully, I'll be surprised if we see any regulations appear at any point in the near future. We'll see them when the online sites affiliate with the B&M casinos, and get the okey-dokey from the government to do so..Naturally, this will mean paying two rakes, one to the online site, and the other to the goverment, thus making it much more difficult to make a living at online poker.

[/ QUOTE ]

The draft regulations were completed by Treasury and submitted to OMB for required review (http://www.reginfo.gov/public/do/eoViewRule?ruleID=275050) on June 18. I would expect that we will see the proposed rules published for comment today per the statutory requirement in UIGEA. There will be a comment period, additional time for final rules to be developed incorporating (or not) any input received during the comment period and the final rules will be issued. In all likelihood there will be an additional period set during which covered entities will have time to get into compliance with the regulations.

[TheMetetron]

[ QUOTE ]
Tomorrow, it will be business as usual at TruePoker.

[/ QUOTE ]

Even I think you are getting to be a huge spamtard. Someone not bust into the ironic nature of this sentence.

[TruePoker CEO]

The OP asked about concern about July 10. I responded that business would continue as usual at Truepoker, indicating a lack of concern. I did not think that was spam, unless you think any reference by a site to a site is somehow spam.

I appreciate your restraint about the potential irony, given our relative size among the shrinking number of US facing rooms, and am somewhat surprised there was no more direct comments. However, we are here and take US players' play and have been in busness for over 6 years.

[oldbookguy]

According to a Steve laughton (e-mail listed on the link provided, I received the following short answer:
Subject: RE: UIGEA Regulations
To: oldbookguy@ XXXXXXX
We are hoping for sometime soon this month.

Steve
-----Original Message-----
From: XXXXXX XXXXXXX [mailto:oldbookguy@XXXXXX]
Sent: Tuesday, July 10, 2007 12:01 PM
To: Laughton, Steven
Subject: UIGEA Regulations


Mr. Laughton,
I am writing concerning
RIN: 1505-AB78 Agenda Cycle: 200704
Title: ¤Prohibition on Funding of Unlawful Internet Gambling

and am wondering when these rules / regulations will be posted for public view / comment.

Thanks in advance,

XXXXXXX
XXXXXX

So, it seems today (the due day) is out and nothing is posted on the www.regulations.gov (http://www.regulations.gov) site.

obg

[CompatiblePoker]

Damit, you beat me to it. Here is his response to me. He does say "hopefully" this month........doesn't he mean hopefully not /images/graemlins/cool.gif

"Steven.Laughton@do.treas.gov" to me
show details 12:01 pm (1 hour ago)

"The regulations will not be published today but will hopefully be published sometime this month.

Steve"

[CompatiblePoker]

In his email to you he says they will be published "soon" this month and in mine he says they will "hopefully" be published this month. LOL

[Uglyowl]

[ QUOTE ]
and am somewhat surprised there was no more direct comments. However, we are here and take US players' play and have been in busness for over 6 years.

[/ QUOTE ]

I think the lack of comments are due to two reasons:

1. Your post seemed kind of weird as in not knowing if it had a deeper meaning. Your statement on it’s surface just seemed like an advertisement if anything. If you have any information please post it /images/graemlins/smile.gif

2. Your pokersite has kind of fallen off the radar maybe due to being “sleepy”.

Don't get me wrong, I like you guys, you have always had decent customer service and you seem like a great guy from the people I know who have talked to you in person.

[JPFisher55]

Maybe Steve means July 2008. Seems about right for government work.

[oldbookguy]

well, guess we just keep checking the regs published site each morning.

obg

[The Bandit Fish]

[ QUOTE ]
Maybe Steve means July 2278. Seems about right for government work.

[/ QUOTE ]

FYP

[TheEngineer]

[ QUOTE ]
According to a Steve laughton (e-mail listed on the link provided, .....

[/ QUOTE ]

Maybe we all should send him a quick note, at steven.laughton@do.treas.gov :

Steven D. Laughton
Office of the Assistant General Counsel (Banking and Finance)
Room 2027B, 1500 Pennsylvania Avenue, NW.
Washington, DC 20220

Dear Mr. Laughton:

I understand that some who wish to prohibit law-abiding Americans from choosing to play online poker in the privacy of their own homes have been lobbying the Treasury Department for UIGEA (Unlawful Internet Gambling Enforcement Act of 2006) regulations that would, in essence, create an Internet gaming prohibition. This concerns me greatly as a freedom-loving American, as Congress did not ban any gaming with UIGEA. It seems anti-poker interest groups would have the Treasury Department disregard this fact and would use the Federal Reserve System’s banking regulations as a back door means of creating the prohibition they were unable to win legislatively, while burdening our financial institutions with enforcement duties.

As you know, UIGEA does not make Internet gaming illegal. Rather, it merely provides a means for enforcement of federal and state Internet gaming laws that were already in effect when UIGEA passed. However, very few types of online gambling are illegal under federal law. Specifically, federal law covers only some sport betting. As for state laws, very few states have outlawed Internet gaming. Regarding other states, prohibitionists are trying to use ambiguous, arcane gambling laws to claim that some types of Internet gaming MIGHT be illegal in their states. To keep from placing an unfair burden on our banks, I ask that the upcoming UIGEA regulations address areas only where laws are unambiguous in their application to the Internet and to specific forms of gambling. After all, if states actually wished to ban Internet gaming, they would have done so in an unambiguous fashion, especially if they wished to have the federal government take the unprecedented step of enforcing it.

Additionally, I ask that the regulations exclude the highly automated ACH system, as the addition of manual verification steps to ACH would be overly burdensome.

Thanks for your consideration.

Sincerely,

TheEngineer

[MiltonFriedman]

What happened on GaboonViper Armageddon Day ?

Was it moved to today ?

[DMoogle]

Mind if I use that e-mail, TheEngineer?

[TheEngineer]

[ QUOTE ]
Mind if I use that e-mail, TheEngineer?

[/ QUOTE ]

No problem. You'll probably wish to change it a little if you send it to the same guy, of course.

[MiltonFriedman]

Good work.

[oldbookguy]

Seems Gambling 911 quoted our e-mails in the story:

http://www.gambling911.com/UIGEA-071107.html

obg


[ QUOTE ]
In his email to you he says they will be published "soon" this month and in mine he says they will "hopefully" be published this month. LOL

[/ QUOTE ]

[MiltonFriedman]

Thanks for volunteering.

[CompatiblePoker]

Yeah, I wrote the article for Chris. /images/graemlins/smile.gif

[ QUOTE ]

Seems Gambling 911 quoted our e-mails in the story:

http://www.gambling911.com/UIGEA-071107.html

obg


[ QUOTE ]
In his email to you he says they will be published "soon" this month and in mine he says they will "hopefully" be published this month. LOL

[/ QUOTE ]

[/ QUOTE ]

[idrinkcoors]

There is at least one change as of 7/10/07:

Gift2Go cards are no longer a deposit option anywhere.