TruePoker will continue to welcome U.S players

[mkflsam]

True, do you get automatic rakeback just for signing up? Or do you need to sign up under an affiliate?

[adios]

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I like it and it seems more than reasonable. Let the legal wrangling begin. Would it be possible to comment on WTO agreements that are in place that might have a bearing on this? But I understand that your statement makes it clear that your position is that the U.S. law does not apply to you due to the nature of your business.

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the USA pisses on the WTO. 'we' and I use 'we' loosely, care not what the WTO thinks or does.

-Scott

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Not true actually witness:

Bush ditches steel import duties

From the article:

President George W Bush has repealed US tariffs on imported steel to avoid a damaging trade war.
The decision follows a World Trade Organisation decision that the duties, imposed in March 2002, are illegal.

[TruePoker CEO]

"Is it not reasonable under your interpretation, to say that a sports betting site, which followed the theoretical sports book method of perfect line balancing, could also be in the legal clear here? "

Almost. They would have to watch that they did not employ any market-specialists to provide liquidity .... but basically, I think you are correct. There already are such sites which follow strictly a clearinghouse business model.

I just look at what was passed.

If Congress so clearly intended to outlaw online poker, as some say, why didn't they amend the Wire Act or at least use the word poker in this Act ? It is reasonable to think they knew what they were doing and limited the scope of their actions to where they could get the votes ... The House bill HR4411 attempted to amend the Wire Act, the version ultimately passed by both Houses did not.

[TruePoker CEO]

There is nothing in the Act which addresses or restricts withdrawals in any manner whatsoever.

Cashouts may not be as quick, if your ewallet shuts down US business entirely, but there is no prohibition in the Act.

Unless or until a different statute is passed, Congress has not chosen to stand between poker players and their cashouts.

[DrewOnTilt]

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No, we have no stake in the outcome, nor have we risked any money in the pot.

(This is not a new reading of the term. In another statute, the Wire Act, this was the interpretation in dicta in a Federal Court of Appeals ruling.)

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They provide a service for a fee...which is customer support/hosting the games etc. Basically for a fee, they let us bet against eachother.

SO NO, they do not have a stake in the outcome. They get paid the same wether player A or player B wins.

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Ok, that makes it clear. I wonder why PS, PP etc. are not using this clause.

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Party is run by a bunch of pansies etc.

Stars hasn't made an official ruling.

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FYP

[BluffTHIS!]

TruePoker CEO,

I am no lawyer as you are, but I don't think your interpretation is totally unreasonable. I would be interested the in views of other attorneys. That said, I do think your position exposes you to some risk if you set foot on US soil, as the DoJ might interpret differently and then make you take it up the chain to prove otherwise. I had my attorney once tell me on a business matter, "I don't advise doing that, but technically it's not illegal". I of course did it anyway, and thumbed my nose at the other party when they threatened me, and nothing ever happened. So it comes down to how scared/safe a client wants to play it.


P.S. I hope you noticed my thread I referenced above in the zoo addressed to you, although I realize it is detailed and may take you a while to respond to.

[chicagoY]

You're a darn hero.

[TruePoker CEO]

I am not altruistic..... but thanks, its better than being called a felon.

Vote with your wallet, we are offering a 100% FTD and a 30% Reload Bonus currently.

Then vote again November 7.

Our credit card processing is running and so is Neteller.

See you soon ?

[TruePoker CEO]

Thanks, give us a tryout.

[Hobbs.]

rakeback?