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Old 11-03-2006, 12:32 PM
John_Manley John_Manley is offline
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Join Date: Jun 2003
Posts: 49
Default Re: What is your definition of Regulation?

Regulation would have to incorporate/address all the issues that the goverment has sited as a reason to ban online gaming (underage gambling, regulations to prevent as much as possible money laundering, a method to tract online player winnings and losing so that taxes can be collected, gambling addiction, etc.). Other issues like gaming site fairness/cheating would have to be addressed and I suspect there would be some sort of gambling commision that would have to be formed to monitor the online gambling sites. Along with the regulations, I suspect would come stiffer penalties to sites and users who violate any of the gambling laws. I'm sure the big Vegas casios will lobby to be the sole operators of online gaming but in my opinion that would violate free trade.
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