Re: What is your definition of Regulation?
Why not propose that the online casinos be regulated something like tobacco and alcohol companies, with similar requirements for the community outreach stuff. I really dont know how this junk works, but it seems like that would be a good place to start. I also think there would need to be some sort of agency making sure the sites aren't cheating, are paying people out, etc.
I think foreign poker room operations should be allowed to do business here as long as they follow the rules that are set out. Free trade is a net benefit for consumers, and if they are not allowed it causes more headaches for the US with the WTO.
I think an extra tax on winnings is excessive. Dont some people have to pay federal and state income tax on winnings? If my understanding is correct, then an additional wiinings tax could be a third tax on some people. Maybe something like a capital gains tax for poker winnings could be established instead of having to deal with income tax (something in the neighborhood of 25%?).
Dealing with states that dont allow gambling, I would initially try some sort of argument where it was implied that the games are played on the internet not in that state. I dont think this would be effective, and I think some states might just be SOL. Hopefully a couple reputable sites would stick around to pick up these players.
As far as give backs to the anti-gambling lobby, they get lip service and promises until we get our bill. Then they get nothing. They will always be opposed to us, I have no interest in helping or strengthening their cause.
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