Thread: PPA Update.
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  #119  
Old 09-04-2007, 12:49 PM
Hock_ Hock_ is offline
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Join Date: Aug 2005
Posts: 828
Default Re: WTF ???? Hello, there are Pending Regulations out there to lobby.

[ QUOTE ]
exempt poker tournaments, as the sponsor is not betting or wagering,

[/ QUOTE ]

I haven't read the rest of this thread, or many of the others lately, but I want to point out that the limitation in the quoted sentence to tournaments is unnecessary and counterproductive. Maybe this point has been made before, but just in case it hasn't this is really important:

The point -- which was actually made to me by a former colleague of mine who just happens to have been an Assistant US Attorney General -- is that poker sites do not "accept wagers". Unlike sports bookies, poker sites do not take one side of a wager such that their profit depends on the outcome of the game. Poker sites simply charge a fee for use of their services, completely independent of the outcome of any hand.

Like I said, sorry if this is redundant.
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