Update Friday, September 29th

[Jshuttlesworth]

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lol old guy

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nice pens

[graydot]

"These comments could not be more apropos than for Greg Hogan, Jr., a 19-year-old Lehigh University class president and chaplain's assistant from Barberton, Ohio. This pastor's son gambled away $7,500 playing online Texas Hold 'Em then confessed to robbing a bank to try to recover his losses. His life is ruined."


Yea but he made my life happy, doesnt that balance out?

[Mr. Orange]

what's with this old guy

I DON'T KNOW WHAT WE'RE YELLING ABOUT!!!!!

[Kevmath]

I'm surprised Leach didn't say how all the Internet gambling sites are fronts for terrorist organizations.

[Russ M.]

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what's with this old guy

I DON'T KNOW WHAT WE'RE YELLING ABOUT!!!!!

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And lets just keep talking.

[Jack Bando]

After seeing Leach talk, it's official, I do not have the power to cause heart attacks by thinking about it. Lucky for him.

[Aytumious]

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I'm surprised Leach didn't say how all the Internet gambling sites are fronts for terrorist organizations.

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Indeed. I play on Party and have my Al Qaeda membership card coming in the mail.

[Sephus]

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"These comments could not be more apropos than for Greg Hogan, Jr., a 19-year-old Lehigh University class president and chaplain's assistant from Barberton, Ohio. This pastor's son gambled away $7,500 playing online Texas Hold 'Em then confessed to robbing a bank to try to recover his losses. His life is ruined."


Yea but he made my life happy, doesnt that balance out?

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yeah it was poker that ruined his life, not HIS DECISION TO ROB A [censored] BANK.

[AvivaSimplex]

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Aviva,

I'm no lawyer, so the language might not be as bad as I and most think it is. And I did read the text as well. But I'm not sure if they can label neteller and such as money transfer business primarily engaged in facilitating gambling transactions, and then block transactions to them as well as direct one to the poker/gambling sites. So I think that needs to be resolved. However it would *seem* hard for them to cutout such middlemen who aren't subsidiaries of gambling sites.

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I agree, this will be hashed out in the regulations. However, it seems it will be very difficult to interpret the language of this bill to ban transactions to online money-brokering services, simply because one use of those services is to fund gambling accounts.

But, of course, who says government has to be rational? At least if the regulations are written that way, Neteller and Firepay will have the money and motivation to sue.

We may see Neteller and Firepay try to lobby non-gambling merchants like Ebay and Amazon to accept customer payments from Neteller. Basically this gives them cover ("We're just another Paypal") for their main business. Kind of like the porn shops in Times Square stock a certain percentage on non-porn items in order to comply with city regulations.

[PurpleLight]

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Are you referring to this?
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5367. Circumventions prohibited...a financial transaction provider, or any interactive computer service or telecommunications service, may be liable under this subchapter if such person has actual knowledge and control of bets and wagers...[and has a gambling site or offers to place bets]

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If so, Neteller does not qualify, as it has no actual knowledge or control of bets.


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Yeah, this is what I was referring to. I can read too and understand the wordings fine, but Im just sure of how things are interpreted in practical legislation or applicable in reality, although I get the basic meanings.

But as a question since neteller/firepay etc directly fund poker sites, wouldn't it clearly have knowledge of bets being made? I mean why else do you upload money to party?