Re: What is your definition of Regulation?
I think this thread has slightly derailed from the intended purpose.
Some suggestions? The taxation on internet gambling needs to be clear cut. How much should you be taxed, what is considered a business expense, what can you deduct, what should you include etc etc.
I think regulation and taxation will happen. The biggest problem is as poker player convincing congress on how much. Most people see a winning session and think that taking a chunk of that is no big issue. Poker players see the long run and how deeply that affects our profits and can take a winning player and make them a losing player. Heck many poker players don't fully understand variance and how it affects your profits. I think that should be the biggest consideration down the road. Competition between sites should fix any other regulation issues that may come into play.
On a side note(not to derail here): I don't think people fully appreciate how explosive the game will become if mgm or harrah's were to open to US players. Even joe pessimist will consider playing then.
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