1. #1
    SBRPicks
    SBRPicks's Avatar Become A Pro!
    Join Date: 08-10-08
    Posts: 1,035

    PART 2 - Gambling Law Interview with I. Nelson Rose - UIGEA and Current Legalities

    SBRtv conducted an interview with Professor I. Nelson Rose, a world-renowned authority on gambling law.

    This initial interview is in three parts, and Professor Rose has agreed to do follow-up interviews to address issues of interest and questions posed by SBR posters. So if you have any question at all about the legalities of online sports betting, please post them in this thread, and we will try to address them in future interviews with Professor Rose.

    In Part 2, Professor Rose discussed the current legal state of sports betting online in the U.S., and he touched on the UIGEA, the Wire Act, and laws in individual states. Look for Part 3, coming out in a few days.

    Professor Rose's website is www.gamblingandthelaw.com.


    I. Nelson Rose Part 2: The UIGEA, Wire Act and Current Legalities



    check out PART 1 of the interview - Prof. Rose's introduction and a brief bio HERE

  2. #2
    Fishhead
    Fishhead's Avatar SBR PRO
    Join Date: 08-11-05
    Posts: 40,178
    Betpoints: 11769

    Thanks..........informative.

    Bring on Part III

  3. #3
    relaaxx
    relaaxx's Avatar SBR PRO
    Join Date: 06-15-06
    Posts: 3,271
    Betpoints: 14050

    great - fantastik - can't wait for more -

  4. #4
    fsutomahawk
    fsutomahawk's Avatar Become A Pro!
    Join Date: 01-23-11
    Posts: 122
    Betpoints: 1161

    Great stuff. So he is basically saying enforcement against players is so difficult because the standing law is so out dated and the terminology does not even apply to the current form of interstate gambling?

  5. #5
    Legions36
    Legions36's Avatar Become A Pro!
    Join Date: 12-17-10
    Posts: 3,032
    Betpoints: 7744

    he is saying that we are safe no matter what and the only thing that was really made hard was for us to send it to them not them sending it to us. Thanks for the clarification i feel better now as i want no extra heat in my life.

  6. #6
    apalm8
    Hello friends, Jim Nantz.
    apalm8's Avatar Become A Pro!
    Join Date: 10-12-09
    Posts: 125
    Betpoints: 146

    Thank you I learned a lot from this.

  7. #7
    krk1030
    krk1030's Avatar SBR PRO
    Join Date: 08-13-08
    Posts: 17,605
    Betpoints: 4884

    very interesting

  8. #8
    thespeculator
    thespeculator's Avatar Become A Pro!
    Join Date: 09-09-08
    Posts: 2,999
    Betpoints: 13168

    a voice of reason on this subject , great info professor

  9. #9
    John Dough
    John Dough's Avatar Become A Pro!
    Join Date: 09-21-05
    Posts: 1,785
    Betpoints: 10136

    It's almost mind boggling how many offshore bettors didn't take the time to learn exactly how the UIGEA and current US law actually apply to them.

    SBR should somehow force every poster to watch that clip so we don't have to see questions or misinformation posted about these subjects ever again.

    Kudos to SBR and Professor Rose for bringing this information to the forefront, even though it's been around for 5 years.

  10. #10
    trumpdown
    trumpdown's Avatar Become A Pro!
    Join Date: 01-21-09
    Posts: 755
    Betpoints: 548

    So when a book says US law is making it harder to process withdraws they're most likely lying, and have no funds. As professor stated harder to deposit same as it ever was to withdraw.

  11. #11
    tblues2005
    tblues2005's Avatar Become A Pro!
    Join Date: 07-30-06
    Posts: 9,234
    Betpoints: 7184

    It sure said a lot of things that made sense here. I think part III should be interesting also. Thanks SBR.

  12. #12
    John Dough
    John Dough's Avatar Become A Pro!
    Join Date: 09-21-05
    Posts: 1,785
    Betpoints: 10136

    Quote Originally Posted by trumpdown View Post
    So when a book says US law is making it harder to process withdraws they're most likely lying, and have no funds. As professor stated harder to deposit same as it ever was to withdraw.
    Not necessarily. Some check processing companies in the US that serviced sportsbook payouts have had funds seized by the government over the past few years and were either put out of business or chose to stop doing business with sportsbooks. The government may not have been justified in these seizures, but good luck trying to get your money back once it has been seized.

  13. #13
    zam77
    zam77's Avatar SBR PRO
    Join Date: 11-03-10
    Posts: 3,586
    Betpoints: 687

    The player in the US, from my understanding, is safe to place sportsbets at books, simply because there is no clear cut current law making it "illegal" for the player... only enforcement laws for operators. In addiiton the UIGEA is poorly drawn up in the first place, so basically any attempt at making a case against the player under this statute would be a waste of time for many obvious reasons.

    And on top of that the fact that there are 6 states that "legally" allow sportsbetting, presumes that any development of a federal law that stated it was "illegal" for the player to make sportsbets would be unconstitutional.

    Makes sense to me... good stuff loshak.

  14. #14
    excel
    unapproved
    excel's Avatar Become A Pro!
    Join Date: 03-25-10
    Posts: 4,270

    Bump for current gambling industry crisis.

  15. #15
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Govt can do anything they like

    Throw all this stuff out window.

Top