Yet another article that makes me think we're all overreacting

Kramer. · #1 10-03-2006, 06:11 PM

Every article in the mainstream news seems to say that it won't be a big deal to get your money into a gaming site.

Also, this article has complaints from the anti-gambling people, so that's a good sign.

Business Week article says already existing workarounds (like netteller) are enough to get around the bill

wpr101 · #2 10-03-2006, 06:14 PM

But what if the site won't let you play there? like party.

gila · #3 10-03-2006, 06:15 PM

hmm, that's about the 4th time I've seen this on here now.

Raising Kane · #4 10-03-2006, 06:21 PM

I totally agree...people on this forum are overreacting. I'm confident there will always be a way to play online poker.

Exitonly · #5 10-03-2006, 06:23 PM

[ QUOTE ]
But what if the site won't let you play there? like party.

[/ QUOTE ]

Then play on Full Tilt, Absolute, WSEX, etc etc.

CallYNotRaise06 · #6 10-03-2006, 06:24 PM

party has billions of dollards, i seriously doubt they'll give up this easy when theres alot more money to be made. theyll figure something out, i think we just need to sit back and see what happens. Think of it like a poker game, sometimes you need to be patient.

CallYNotRaise06 · #7 10-03-2006, 06:25 PM

[ QUOTE ]
Quote:
--------------------------------------------------------------------------------

But what if the site won't let you play there? like party.

--------------------------------------------------------------------------------

Then play on Absolute, WSEX, etc etc.

[/ QUOTE ]

FYP STAY AWAY FROM FULLTILT ITS MINE MWAHAHAHAHAHA

JackDragna · #8 10-03-2006, 06:26 PM

If anything, people here are under-reacting. The religious right is salivating over this bill. They will NOT let Neteller and Firepay go blissfully taking people's online gambling desposits. People may find some work-around, but the ultimate issue is that the casual poker player, those who occasionally drop in bucks and don't really work to improve their game, is going to be scared out of the market, or at least won't want to go through the labyryhthian methods to fund a poker account.

TimTimSalabim · #9 10-03-2006, 06:27 PM

What do you think the average recreational poker player is going to do when he logs into Party after Wednesday and gets the news he can't play there any more because he's a U.S. resident? I think most of them will be scared to go and put their money in another site, that's assuming they even take the effort to try to find one that will take their money.

maurile · #10 10-03-2006, 06:28 PM

[ QUOTE ]
Every article in the mainstream news seems to say that it won't be a big deal to get your money into a gaming site.

[/ QUOTE ]
They are right. This bill prohibits transactions that are already basically obsolete: namely, deposits to gaming sites directly from U.S. banks, credit card companies, or other financial intermediaries.

It does not prohibit deposits from banks to Neteller.

It does prohibit deposits from Neteller to gaming websites, but Neteller does not have to comply if it doesn't want to.

The major change is that online poker sites that were formerly violating no federal laws (merely state laws) are now arguably (depending on statutory interpretation) violating a federal law as well. This is potentially a big deal for U.S.-based poker sites, but shouldn't be a big deal to poker sites based located the Isle of Man or anywhere else without extradition treaties with the U.S.

I suspect you'll see some U.S. and British gaming sites moving to Antigua in the near future. Beyond that, I don't think the online gaming landscape will change all that much.