Re: Party CEO predicts banks/ processors to leave US IG w/i 60 days
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Think about it. The US Government is about to come down hard on sites taking US bets while Party has quickly cut out Americans and started focusing on attracting new players from europe/asia. If you think of this long term, I think this could potentially make Party bigger then it ever has before.
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You realize it's entirely possible that there is a new administration in place before there is anything to enforce?
It's about nine months before we see the regulations. Depending on how invasive they are, it could take years to implement.
HIPAA was signed in 1996. I was personally working on implementing it in 2002 and it wasn't done when I left.
Now the Wanker Bill is unlikely to be that invasive but if they are actually going to try to make the banks examine every ACH transaction and every paper check then it will be pretty damn invasive and take a long, long time to implement by which time we'll likely have a completely new administration and unless the numbers change it won't be one that panders to the religious right.
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