Gambling Law Interview with Professor I. Nelson Rose, Gambling Law Expert

[SBRPicks]

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 1, Professor Rose discusses what he does and how he came to be a gambling law specialist. Look for Parts 2 and 3, coming out in a few days.

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


I. Nelson Rose: Introduction and Brief Bio

[Fishhead]

This is great!!

Mr. Rose has been a great influence on my career over the years.

Thanks SBR and thank you Mr. Rose for agreeing to do these interviews.

FH

[SBRPicks]

Fishhead and other posters,

Professor Rose will do follow-up interviews addressing posters' questions, so if you have any you would like him to discuss, please post them in this thread. Thanks!

- SBRtv Staff

[minet123]

was Jay C (WSEX) a moron and never had a chance because the verdict was decided long before the trial or did he have a real chance at winning

[BET THE HOOK]

Great thread guys.

[jolmscheid]

Is it best to withdraw straight to the bank or cash? What's the way you report wins and losses best?

[Fishhead]

Are U.S. citizens actually required to file a FABR on their taxes if they have over 10,000 total in offshore GAMING accounts?

Yes or no, please discuss this is in some minor detail.

Thanks

[FuzzyDunlop]

Great video guys, thanks!

[jolmscheid]

Good question FH! I am very confused as how to properly do taxes, best way to withdraw, etc

[TobiasFunke]

This is a real nice addition to the site...pretty cool of this guy to do this

[Iona]

Is it legal to place a bet over the internet in the United States???

Is it legal for New York State residents to place a bet over the internet from their home in NY???

[tblues2005]

Thanks for the information with this. I think it is important to know this about off shore gaming.

[bruceBRUCEbruce]

This is fantastic. Thanks very much, to Mr. Rose and the SBR people responsible.

[sneak-a-peak]

Q- If you win good amounts of cash every year and you choose to ignore taxes in the U.S- what is the likelihood of getting into trouble with the law? How far would they go to try and prove you are violating laws? Has it been common? or becoming more common?

I entered in this industry with the intentions of paying taxes on winnings but after being stiffed a huge amount of cash from a book and now knowing that none of the money in any of these books can ever truly be safe and that it all can be taken away at any time I will not be claiming anything until things are regulated and safe. So basically I would deny ever even placing wagers online at this time as far as the government is concerned.

[robzilla]

As a Law Clerk, I basically do all the research for guys like Mr. Rose. Behind every lawyer is a team of people working, behind the scenes ensuring that lawyer doesnt fail. Teaching law in Macau must be pretty exciting.

[Fishhead]

Q- If you win good amounts of cash every year and you choose to ignore taxes in the U.S- what is the likelihood of getting into trouble with the law? How far would they go to try and prove you are violating laws? Has it been common? or becoming more common?

I entered in this industry with the intentions of paying taxes on winnings but after being stiffed a huge amount of cash from a book and now knowing that none of the money in any of these books can ever truly be safe and that it all can be taken away at any time I will not be claiming anything until things are regulated and safe. So basically I would deny ever even placing wagers online at this time as far as the government is concerned.

You have a lot to learn son.........and you better learn it quickly.

[Ian]

Thanks for doing the interview Loshak and Professor Rose.

What are Professor Rose's opinions on the recent alliances between Poker Stars & Wynn Resorts, and Full Tilt Poker & Station Casinos? In his opinion will these partnerships lead to some form of legal online poker in the US?

[username474]

Professor Rose, What is the best way for older guys to go about banging college chicks? I am only 30 years old now but it seems to be getting more difficult these days. Regards, username474

[robzilla]

Here is my question.

How important is jurisdiction for sportsbooks to avoid prosecution from the US government?

Recently the US government has been enforcing laws internationally against citizens in other countries for breaking american laws (for example Marc Emery broght from Canada to the US to face charges for selling marijuana seeds). Could operators of online sites that accept american players face a similar fate?

[sneak-a-peak]

You have a lot to learn son.........and you better learn it quickly.

If you say so ole wise one.

Im not afraid of any consequences under the current industry climate.

There will always be outs.

My question was the likelihood and how common is that scenario today in the law world

[Domer]

I second Fishhead's question about *FBAR* (Fishhead said FABR). I DEFINITELY want to hear his answer to that.

I have a few more:

1. Is he aware of any case where someone placing a bet, online or offline, has been prosecuted in the United States? Is the enforcement solely geared towards the bookmakers? Is online betting going to continue to be in a gray area?

2. With the recent partnerships between the Fertittas and Full Tilt as well as Wynn and PokerStars, in addition to the noise from California (and occasionally the US Congress) about legalized online poker, I was wondering how he sees the future of online poker?

3. With the recent announcement by the Nevada Gaming Commission allowing non-sports event betting (such as betting on the Academy Awards), does he see that coming under heavy scrutiny or will we have Oscar and American Idol betting next year?

4. Does he see legalized gambling on politics coming at any point in the future? As he knows, Intrade does a lot of volume on the popular contests, but they're located in Ireland and exist in a legal grey area. As we move forward, and gaming becomes more accepted and perhaps legalized, does he foresee the CFTC becoming involved with gaming or will the Federal government need to form another body to deal with regulation and arbitration?

[The Inevitable]

Thanks for doing the interview, Rose!

Q: Should online gamblers file their winnings on their taxes? Didn't the only guy who ever went to court over online gambling, was discovered by the authorities only because he was filing his winnings on his taxes?

[Yi]

Great video as always

[fsutomahawk]

The FBAR question posed by Fishhead is a must ask question, I have been wondering about that for some time now.

[RudyRuetigger]

this is by far the best series on sbr

while i dont have anything specific to ask, i hope the questions asked stay more concrete and less hypothetical/what ifs.

[No coincidences]

Who are you on in the title game Rudy?

[gregm]

Great video as usual Peter Loshak. Great topic.


1. I definitely want to know what Professor Rose thinks about Wynn and his new endeavor and does he think it will be successful and what are his opinions on what he wants to accomplish.

2. Also, what does he think the real reasons for opposition in the congress to gambling. Congressional leaders opposition like Bacchus and his opposition? Is it money driven or just puritanical Biblically driven opposition?

3. Many native american groups don't want legal online gambling, what are his thoughts on that opposition?

4. What are his opinions on Asian gambling and Macau and the future of gambling in Asia?

5. Does he have any opinion on gambling and its future in Costa rica and the Caribbean, and gambling in the Western hemisphere( at least in the americas) Gambling's future on the the United states mainland ?

[thespeculator]

does the professor think both parties are on the same side on this issue, the law was passed by a republican president and it seems the democratic attorney general is just as determined to enforce the law

[crustyme]

finally, an interesting and worthwhile guest interview. not like that con artist who went 6-30 in march like that loser indian conboy.

[jjgold]

Jay C and Steve from WSEX became thieves after all that controversy

They destroyed WSEX and stole lots of money just like they did in Chicago board of trade

[RudyRuetigger]

Who are you on in the title game Rudy?

my accounts are depleted

[sneak-a-peak]

Jay C and Steve from WSEX became thieves after all that controversy

They destroyed WSEX and stole lots of money just like they did in Chicago board of trade

JJ how do I locate these guys? Can you help me?

I want my money and will resort to any means necessary to get it if you catch my drift

[Domer]

Any more updates on this? I think there is definite interest for more interviews.