Would a licensed US only site be successful?

[BionicComma]

Say someone opened a US-based poker site that was fully licensed by its state of residence.

And say that site advertized the fact that you could then legally bet with them.

And say that site had a banking parter that was also US based, and abided by the same rules as B&M casinos do regarding tax law, reporting and addiction...


Would that site be successful? Would you play with them if they also had overseas players?

[StepBangin]

No, Federal laws are above state laws.

[Splash-the-Pot]

I believe North Dakota was trying to get some legislation passed to this accord, but as the 2nd poster above stated Federal Laws would still take precedence. It'll be a few years (5+ IMO) before you will find or see a licensed (and LEGAL) US Casino or Poker site. Even then, expect it to be a national name brand (Harrah's, Foxwoods, etc).

[KurtSF]

Excuse me? I didn't realize that there were federal laws making online casinos illegal.

[StepBangin]

[ QUOTE ]
Excuse me? I didn't realize that there were federal laws making online casinos illegal.

[/ QUOTE ]

Who in this thread said there was one?

[StepBangin]

[ QUOTE ]
Title VIII of the Act is also known as the Unlawful Internet Gambling Enforcement Act of 2006. This title (found at 31 U.S.C. § 5361-5367) prohibits the transfer of funds from a financial institution to an Internet gambling site, with the notable exceptions of "fantasy" sports, online lotteries, and horse/harness racing.

[/ QUOTE ]

[BionicComma]

[ QUOTE ]
[ QUOTE ]
Title VIII of the Act is also known as the Unlawful Internet Gambling Enforcement Act of 2006. This title (found at 31 U.S.C. § 5361-5367) prohibits the transfer of funds from a financial institution to an Internet gambling site, with the notable exceptions of "fantasy" sports, online lotteries, and horse/harness racing.

[/ QUOTE ]

[/ QUOTE ]


Doesn't that apply only to overseas transfers?

[LionelHutz00]

[ QUOTE ]
[ QUOTE ]
Title VIII of the Act is also known as the Unlawful Internet Gambling Enforcement Act of 2006. This title (found at 31 U.S.C. § 5361-5367) prohibits the transfer of funds from a financial institution to an Internet gambling site, with the notable exceptions of "fantasy" sports, online lotteries, and horse/harness racing.

[/ QUOTE ]

[/ QUOTE ]

that just applies to "illegal" wagers, dude. This is why you can still play the lottery and the ponies on teh internets.

[txbarbarossa]

I believe a state could legalize online gambling as long as it's only customers are from that state. It couldn't let users from outside the state play. Federal law regulates interstate commerce, but has no juristiction within the borders of a single state.

Now what might be interesting if states worked with each other, formed some kind of reciprocity if you will, and pooled the taxes/revenue etc from the gambling sites, therefore allowing residents of the states in the syndicate to play at the licensed sites.

I'm sure that will eventually happen, as these [censored] lawmakers realize online gambling will continue irrespective of their attempts to ban it.

[KurtSF]

[ QUOTE ]
I believe a state could legalize online gambling as long as it's only customers are from that state. It couldn't let users from outside the state play. Federal law regulates interstate commerce, but has no juristiction within the borders of a single state.

[/ QUOTE ]

That's my understanding as well. IANAL.