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Old 07-12-2007, 10:31 AM
Legislurker Legislurker is offline
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Join Date: May 2007
Posts: 728
Default Re: * 7/10/2007 iMEGA Suit Against UIGEA Strongest Fight Against the U

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So, this is what I wanna know. I am no legal expert nor do I even understand half the terms I have just read in this thread. Here is what I DO know: I'm 25 yrs old and I derive most of my income from playing online poker. I live in Colorado. I have very serious concerns (maybe paranoia) about one day waking up and finding that I wont be able to withdraw money to pay my bills. I also have concerns that long-term losing players won't be able to deposit money onto the sites, which ultimately ends up in the hands of players like me. This obv creates a problem as to how much money I am able to make.

From everything I've read, it sounds to me like there is a good chance of things working out. But I want someone who knows what they are talking about to tell me the WORST CASE SCENARIO for a guy like me. What if Imega fails in court to prove their case and the judge grants the UIGEA constitutional and everything moves forward from there? What if the fed writes the rules into play and prohibits banks from transferring any money between players and the sites, and vice-versa? Again, I really dont understand all this stuff and I am just describing it as I understand it. Please correct me if I sound like an idiot. Will I be out a job? Even if it all goes to hell, will there ALWAYS be a way to get money out of the site and for losing players to deposit? One other fear I have is that the remeaining US-accepting sites might get scared and pull out of the US market for a few yrs until things cool down and online gaming is legalized and regulated, a la partypoker? If THAT happens, I am definately screwed. I make a good living for myself playing poker online, 12-tabling for 5 to 7 hrs a day. I make about 3 times as much as I would hanging sheetrock or swinging a hammer. I am an uneducated person but intelligent when it comes to poker and right now I am very happy with how things are going for me and I get really upset everytime I think about what the govt is trying to do to online poker which is so clearly a skill game. Is there anything I can do to help you guys with the fight? I sent letters to my state congressman several months back and I am a paid member of the PPA.

Well, I realize this was long and prbly boring to most of you but this is a super-important issue to me and I dont really understand all the legal mumbo-jumbo I read in these threads. Any feedback on my questions would be greatly appreciated, especially the worst-case scenario questions. Thanks.

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Well, you can go to a live card room. Its a boring bitch of a way to make a living but you can.

What you can do. Well, talk to people, make an effort to go out and make conversation about poker/gambling. If you can support him, sign up for a Ron Paul group. Do what the rest of us do, keep writing your legislators, regulators, and editors. Call into a radio talk show. Vote. Donate money. Im in the same boat you are, a nice living has come crashing down to where Im afraid to spend money outside of a stripped down monthly nut. Congrats on still multi tabling that many hours a day, I cant stomach how little I make doing it, so I barely play. This summer SHOULD be the worst of your life if you stay in poker. None of us KNOW if it will get better, but we think the worst has hit barring a massive IRS crackdown.
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