Interesting Funding Idea from Sportsbook.com

[Performify]

Definitely would, no question.

Not saying its a perfect solution, by far. But it sounds like it would possibly be a potential workaround for average players.

But all that said, I'm still of the opinion that third party payment processors such as Neteller won't be affected by this act (see my posts in the ZeeJustin thread), which is going to make the "problem" of depositing and withdrawing under this law pretty much a non-factor, if that's indeed the case.

[TruePoker CEO]

I am not disagreeing with you. Methods such as ACH likely will be available in practice because Banks will not be required to police them .

The problem is they will neverheless be illegal, if the gambling activity being funded is covered. In fact, the LAST thing you would want is a "captive" branded card. You want a regular, plain vanilla financial tool, like a debit card.

[ricdaman]

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Doesn't SportingBet own Sportsbook.com and Paradise Poker? Does this make it all the more likely Paradise will still accept US players?

[/ QUOTE ]

Or follow suite and shut down.

[Adam Selene]

I'm glad to hear that debit cards are easily loadable, I'd very much like to investigate loadable debit cards.

However, TruePoker CEO, which part of the process and which parties are violating the Act?

1) LOADING PROCESS

a) The party processing the "load" to a debit card. How could they know what you intend to use those funds for, given you can use this debit card anywhere?

b) The bank backing the debit card. Again, how can they know what you intend to use the funds for.

c) You. Even if so, can never be enforced/prosecuted.


2) DEPOSIT PROCESS

a) The bank issuing the debit card. They need the code the transasction as gaming. Fine, done. But it will still clear, it is a foreign bank that allows gaming transactions. They would have to know that (i) the debit card holder is a U.S. citizen/resident and (ii) is *CURRENTLY RESIDENT IN THE U.S.*

b) The gaming company accepting the transaction? Probably, doesn't care.

c) You. Even if so, can never be enforced/prosecuted.


You are missing the fact that gaming transactions between foreign accounts/banks and foreign gaming companies are perfectly legal; and that they lack sufficient information (location of the debit card end-user) to block transactions even if they were required to do so. They do code transactions as gaming, whatever.


For example, I use BAC San Jose in Costa Rica. I deposit into PokerStars, Party Poker, etc. Why shouldn't I, I am NOT a U.S. resident. When I visit the U.S., is BAC San Jose supposed to know that and block my deposits?! Which assumes they even have the capacity written into their system to "code" my account as "might visit the U.S.".