1. 06-20-11 11:33 AM #1
    BigdaddyQH
    BigdaddyQH
    BigdaddyQH's Avatar Become A Pro!
    Join Date: 07-13-09
    Posts: 19,530
    Betpoints: 8638

    A preview of Coming Attraction for On Line Wagering

    I received this from my Congressional Representative, who happens to be a Republican:

    Thank you for contacting me with your views regarding the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, H.R. 1174. It is good to hear from you and I appreciate your patience while awaiting a response.

    This legislation was introduced by Representative John Campbell, on March 17, 2011. As you know, H.R. 1174 would amend title 31, United States Code, to provide for the licensing of Internet gambling activities by the Secretary of the Treasury and provide consumer protections on the Internet. Currently, this Act has been referred to the House Subcommittee on Financial Institutions and Consumer Credit. Rest assured, I will keep your concerns in mind should this bill come to the House floor for debate.


    Sincerely,

    M

    MARY BONO MACK

    Member of Congress

    That says it all. Eventually, Internet gambling will be allowed in the U.S. My guess is that all Internet gaming sites that are not baased in the U.S. will be banned in the U.S. Make your plans ahead of time, and be prepared to get your money out of off shore books before the law takes effect.
    Reply With Quote Reply With Quote
  2. 06-20-11 11:37 AM #2
    Legions36
    Legions36's Avatar Become A Pro!
    Join Date: 12-17-10
    Posts: 3,032
    Betpoints: 7744

    I like what your saying but i highly doubt they will legalize sports, im pretty sure this is for just poker and such. They have yet to allow sports in real casino's for all these years except vegas why would they start now.
    Reply With Quote Reply With Quote
  3. 06-20-11 11:38 AM #3
    BigdaddyQH
    BigdaddyQH
    BigdaddyQH's Avatar Become A Pro!
    Join Date: 07-13-09
    Posts: 19,530
    Betpoints: 8638

    Here is a summary of the Legislation:

    The following summary was written by the Congressional Research Service, a well-respected nonpartisan arm of the Library of Congress. GovTrack did not write and has no control over these summaries.

    3/17/2011--Introduced.
    Internet Gambling Regulation, Consumer Protection, and Enforcement Act - Grants the Secretary of the Treasury regulatory and enforcement jurisdiction over the Internet Gambling Licensing Program established by this Act. Prescribes administrative and licensing requirements for Internet betting, including background check requirements and suitability standards for license applicants. Prohibits any person from operating an Internet gambling facility that knowingly accepts bets or wagers from persons located in the United States without a license issued by the Secretary. Prescribes safeguards to: (1) ensure the legal age of any wagering individual as well as a permissible location for placing the wager; (2) combat fraud, money laundering, and terrorist finance; and (3) combat compulsive Internet gambling. Directs the Secretary to: (1) compile and make available to the public, on the Secretary's website, datasets on player behavior; (2) assess civil penalties on licensees or other persons for willful violations of this Act; (3) monitor, evaluate, and measure compliance effectiveness of software and other mechanisms used by licensees to prevent minors from Internet wagering and impose a fine for ineffective protections; and (4) place court-ordered child support delinquents on the self-exclusion list (established by this Act) as long as they remain delinquent in their support obligations. Requires the Secretary and any qualified state or tribal regulatory body to prescribe regulations for: (1) development of a Problem Gambling, Responsible Gambling, Consumer Safeguards, and Self-Exclusion Program; (2) a list of persons self-excluded from gambling activities at licensee sites; and (3) a program to alert the public to the existence, consequences, and availability of the self-exclusion list.
    Prohibits a person who is prohibited from gambling with a licensee, including anyone on the self-exclusion list, from collecting any winnings or recovering any losses that arise as a result of prohibited gambling activity. Shields a financial transaction provider from liability for engaging in financial activities and transactions on behalf of a licensee, or involving a licensee, including payments processing activities, unless the provider has knowledge that the specific financial activities or transactions are conducted in violation of federal or state law. Requires the Director of the Financial Crimes Enforcement Network to submit to the Secretary a list of unlawful Internet gambling enterprises which violate this Act for distribution in electronic format to all persons required to comply with regulations under this Act. Permits states and Indian tribal authorities to opt-out of Internet gambling activities within their respective jurisdictions. Prohibits licensees from engaging in the operation of an Internet gambling facility that knowingly accepts bets or wagers initiated by persons who reside in any opt-out state or the tribal lands of any opt-out Indian tribe. Prohibits: (1) sports betting on the Internet, except pari-mutuel racing, and the use of ************ for Internet gambling; and (2) electronic cheating devices. Directs the Secretary to: (1) report to Congress on the licensing and regulation of Internet gambling operators, and (2) conduct a feasibility study on safeguards to address gambling while impaired.

    You guys can draw your own conclusions. Notice that it does NOT specify what type of Internet betting will be, or will not be allowed.
    Reply With Quote Reply With Quote
  4. 06-20-11 11:44 AM #4
    Legions36
    Legions36's Avatar Become A Pro!
    Join Date: 12-17-10
    Posts: 3,032
    Betpoints: 7744

    This is what they specify

    (Prohibits: (1) sports betting on the Internet, except pari-mutuel racing, and the use of ************ for Internet gambling; and (2) electronic cheating devices)
    Means no sports only horses and sh-it. This is for poker i like it though i dont care to pay taxes on poker, im planning on paying taxes on poker and sports now that im full time with this anyway.
    Reply With Quote Reply With Quote
  5. 06-20-11 03:34 PM #5
    bizzle66
    bizzle66's Avatar Become A Pro!
    Join Date: 04-13-08
    Posts: 302
    Betpoints: 1

    That is good news
    Reply With Quote Reply With Quote
  6. 06-20-11 05:10 PM #6
    gafl
    gafl's Avatar Become A Pro!
    Join Date: 08-07-06
    Posts: 656
    Betpoints: 706

    Think the Feds are being forced to legalize poker by several states trying to set up online poker within their states. Don't think sports will ever be legalized.
    Reply With Quote Reply With Quote
  7. 06-20-11 05:51 PM #7
    capitalist pig
    capitalist pig's Avatar SBR PRO
    Join Date: 01-25-07
    Posts: 4,994
    Betpoints: 346

    Im on the side that says they will never legalize sports betting, jmo.

    later
    Reply With Quote Reply With Quote
  8. 06-20-11 06:06 PM #8
    mtneer1212
    mtneer1212's Avatar Become A Pro!
    Join Date: 06-22-08
    Posts: 4,993
    Betpoints: 3369

    SPORTS WILL NEVER BE LEGAL. Any type of legislation is bad news for sports bettors. Poker and Casinos good; Sports betting BAD.
    Reply With Quote Reply With Quote
  9. 06-20-11 06:12 PM #9
    Legions36
    Legions36's Avatar Become A Pro!
    Join Date: 12-17-10
    Posts: 3,032
    Betpoints: 7744

    Quote Originally Posted by mtneer1212 View Post
    SPORTS WILL NEVER BE LEGAL. Any type of legislation is bad news for sports bettors. Poker and Casinos good; Sports betting BAD.
    How is that gonna affect sports?? wouldn't it still be the same?
    Reply With Quote Reply With Quote
  10. 06-20-11 06:29 PM #10
    jgilmartin
    jgilmartin's Avatar Become A Pro!
    Join Date: 03-31-09
    Posts: 1,119
    Betpoints: 7

    Quote Originally Posted by Legions36 View Post
    How is that gonna affect sports?? wouldn't it still be the same?
    It depends on how it is worded. If it says something like "it is illegal to place a wager on a sporting event over the internet" it's bad. If it says "it is illegal to accept a wager on a sporting event over the internet", it shouldn't affect anything, since the people accepting the bets are not under US jurisdiction.
    Reply With Quote Reply With Quote
  11. 06-20-11 06:33 PM #11
    trumpdown
    trumpdown's Avatar Become A Pro!
    Join Date: 01-21-09
    Posts: 755
    Betpoints: 548

    How does this help sports bettors in the states again? That's right it doesn't. NEXT
    Reply With Quote Reply With Quote
  12. 06-20-11 06:34 PM #12
    sharpcat
    sharpcat's Avatar Become A Pro!
    Join Date: 12-19-09
    Posts: 4,516
    Betpoints: 1

    This will be bad for sports bettors

    This will only give the government another crack at rewriting what they failed with the UIGEA. Nobody should want to see this passed until the federal ban on sports betting has been lifted.
    Reply With Quote Reply With Quote
  13. 06-20-11 06:47 PM #13
    Legions36
    Legions36's Avatar Become A Pro!
    Join Date: 12-17-10
    Posts: 3,032
    Betpoints: 7744

    Quote Originally Posted by jgilmartin View Post
    It depends on how it is worded. If it says something like "it is illegal to place a wager on a sporting event over the internet" it's bad. If it says "it is illegal to accept a wager on a sporting event over the internet", it shouldn't affect anything, since the people accepting the bets are not under US jurisdiction.
    I see thanks!!!
    Reply With Quote Reply With Quote
  14. 06-20-11 06:48 PM #14
    Fieldysnuts44
    @poker table near you
    Fieldysnuts44's Avatar Become A Pro!
    Join Date: 10-02-08
    Posts: 1,592
    Betpoints: 121

    Its not going to be any worse for sports bettors,its already illegal to gamble on sports.Its going to be bussiness as usual in my opinion.
    Reply With Quote Reply With Quote
  15. 06-20-11 07:50 PM #15
    sharpcat
    sharpcat's Avatar Become A Pro!
    Join Date: 12-19-09
    Posts: 4,516
    Betpoints: 1

    Quote Originally Posted by Fieldysnuts44 View Post
    Its not going to be any worse for sports bettors,its already illegal to gamble on sports.Its going to be bussiness as usual in my opinion.
    You have to understand that in order for online gambling to be legalized new laws will have to be written and as I am sure you have noticed lately the feds do not want unregulated offshore books who do not pay taxes to take money from US players.

    The very poorly worded and therefore hard to enforce "Unlawful Internet Gambling Act" will be rewritten to further prevent offshore sports betting because there will still remain a federal ban on sports wagering.
    Reply With Quote Reply With Quote
  16. 06-20-11 09:20 PM #16
    iQon
    iQon's Avatar Become A Pro!
    Join Date: 04-08-10
    Posts: 1,483
    Betpoints: 123

    Give it up, man. Sports betting will never be legalized in every state. At least, not in our lifetime.

    And even if it were, every major offshore would have multiple offices in America within weeks. The last thing I would do is pull money if the legalization of sports gambling were on the horizon.
    Reply With Quote Reply With Quote
  17. 06-20-11 09:24 PM #17
    trixtrix
    trixtrix's Avatar Become A Pro!
    Join Date: 04-13-06
    Posts: 1,897
    Betpoints: 0

    oh good, bigdaddyQH is on the case
    Reply With Quote Reply With Quote
  18. 06-21-11 06:11 AM #18
    LegitBet
    steelers
    LegitBet's Avatar Become A Pro!
    Join Date: 05-25-10
    Posts: 538
    Betpoints: 1

    Anyone who says that or this will happen, dont pay attention to. Nobody knows. It would make sense though to expect creative revenue sources be tapped by governments shortly.
    Reply With Quote Reply With Quote
  19. 06-21-11 06:16 AM #19
    Emily_Haines
    Emily_Haines's Avatar Become A Pro!
    Join Date: 04-14-09
    Posts: 15,888
    Betpoints: 15307

    It should make it easier to make deposits and receive pay outs from books willing to take sports bets.
    Reply With Quote Reply With Quote
  20. 06-21-11 01:48 PM #20
    BigOrangeTitans
    Go Kill Yourself, Thx Mgmt
    BigOrangeTitans's Avatar Become A Pro!
    Join Date: 11-23-07
    Posts: 4,504
    Betpoints: 13

    I've been waiting on this my whole life. I dont see it happening
    Reply With Quote Reply With Quote
  21. 06-22-11 06:40 PM #21
    DEP78
    DEP78's Avatar Become A Pro!
    Join Date: 08-07-10
    Posts: 526
    Betpoints: 20

    Quote Originally Posted by BigOrangeTitans View Post
    I've been waiting on this my whole life. I dont see it happening
    I agree.
    Reply With Quote Reply With Quote
  22. 06-22-11 07:27 PM #22
    underthe total
    under
    underthe total's Avatar Become A Pro!
    Join Date: 05-29-10
    Posts: 1,487
    Betpoints: 0

    wouldn't it make more sense that the offshore companies will get their licenses and move to the states?
    Reply With Quote Reply With Quote
Top
« Previous Thread | Sportsbooks & The Industry | Next Thread »