Online Gambling Banned in the U.S.?

[OptimaDomains]

I read it briefly somewhere, but is it true that they banned online gambling for U.S. residents?

If it's true, I think it's a good move on the government's part because a lot of people were losing their life savings to these international-based casinos. This may also improve the U.S. economy because it would mean there would be less money being lost to foreign countries.

What are your thoughts?

 

[ThreeD]

they sure did! the stocks of most online gambling companies dropped by almost 70% on average during monday's opening of the LSE. It's a big blow to the industry and a lot of the poker, gambling domains are worth a lot less now than prior to the enforced gambling law.

 

[labrocca]

What they made illegal was funding online gambling with credit cards and banks. So you can still gamble if you can send in a money order.

 

[faisj]

they sure did! the stocks of most online gambling companies dropped by almost 70% on average during monday's opening of the LSE. It's a big blow to the industry and a lot of the poker, gambling domains are worth a lot less now than prior to the enforced gambling law.

Topic: http://www.namepros.com/domain-name-discussion/243437-u-s-ban-sparks-web-gaming.html

I hope the traffic will rebound soon...

 

[Keynes]

What they made illegal was funding online gambling with credit cards and banks. So you can still gamble if you can send in a money order.

Unfortunately the language of the law goes well beyond this. The bill seeks to halt deposits from any “financial transaction provider” who participates in transferring money for illegal Internet gambling. Included in this are
“operator(s) of terminal(s) at which an electronic fund transfer may be initiated,” as well as international payment providers, such as wire transfers or 3rd parties such as Firepay/Neteller. In fact, Neteller recently updated their TOCs accordingly.

 

[01wojtowicz]

why?! isnt that jsut taking away peoples freedom to chose to do what they want! remind mw never go and live in america!

 

[Nitro]

I really don't think this will stop anybody... there will always be loop holes and someone will find them.

 

[ThreeD]

maybe more pokersites will start using paypal as a payment option

 

[Keynes]

maybe more pokersites will start using paypal as a payment option

Paypal banned gaming transactions many years ago.

Regarding loopholes, while there are always some, many of these sites are now closed to US traffic, regardless of deposit source. Thus, this will have a strong effect on the online gaming market for many years.

 

[franchise]

Sounds like the actual casinos in Vegas, Michigan, etc...are the winners here. My hunch is they probably backed the law & lawmakers with a vengeance.

I personally never tried online gambling...and I guess I never will

 

[HHDomains]

What they made illegal was funding online gambling with credit cards and banks. So you can still gamble if you can send in a money order.

Not if you use a US address.

 

[coolred]

Protectionism goes against capitalism and free markets.
Plus people should have the choice to spend their own money on whatever they want.

I read it briefly somewhere, but is it true that they banned online gambling for U.S. residents?

If it's true, I think it's a good move on the government's part because a lot of people were losing their life savings to these international-based casinos. This may also improve the U.S. economy because it would mean there would be less money being lost to foreign countries.

What are your thoughts?

 

[HHDomains]

Protectionism goes against capitalism and free markets.
Plus people should have the choice to spend their own money on whatever they want.

So you have no problem with people spending their money on crack cocaine or murder for hire?

 

[coolred]

The usual viewpoint is you should be free do what you want so long as it doesn't do anyone else any harm.
The point is the hypocrisy here.
The republicans are cracking down on internet gambling, taking a high and mighty moral stance, BUT there are exceptions for US horseracing and lotteries. You can still go to the hundreds of casinos all over the states..
So it is sheer protectionism against foreign companies.

So you have no problem with people spending their money on crack cocaine or murder for hire?

 

[HHDomains]

The usual viewpoint is you should be free do what you want so long as it doesn't do anyone else any harm.
The point is the hypocrisy here.
The republicans are cracking down on internet gambling, taking a high and mighty moral stance, BUT there are exceptions for US horseracing and lotteries. You can still go to the hundreds of casinos all over the states..
So it is sheer protectionism against foreign companies.

I agree that people should be free to do as they please with their money but who should determine where we draw the line?
I personally think that if someone wants to spend their money on gambling or prostitutes then go ahead. I don't think people should be allowed to spend their money on hard drugs. That is just my point of view.

If you look at the viewpoint of the extreme right, who are no better than the extreme fundamentalist muslims, they would have an extremely different point of view.

So who is right?
Who should determine what we should and should not be allowed to spend our hard earned dollars on?

 

[coolred]

For a start, maybe the views of the majority.
In poll after poll, americans want to be able to play poker etc online.
Something like 80% in favour.
And roughly the same amount will agree that drugs should remain illegal.
Putting internet gambling in the same category as shooting up smack is ridiculous to most reasonable people.
Millions of americans love to relax and play online poker and where is the harm in that? Or granny playing internet bingo..
But this isn't about morality, its about the taxes.
And it is short-sighted. If gambling was regulated and taxed, the big Vegas names would clean up. Overseas too.

I agree that people should be free to do as they please with their money but who should determine where we draw the line?
I personally think that if someone wants to spend their money on gambling or prostitutes then go ahead. I don't think people should be allowed to spend their money on hard drugs. That is just my point of view.

If you look at the viewpoint of the extreme right, who are no better than the extreme fundamentalist muslims, they would have an extremely different point of view.

So who is right?
Who should determine what we should and should not be allowed to spend our hard earned dollars on?

 

[HHDomains]

Can you post a link to these polls?

 

[coolred]

WSJ poll 85% against
http://discussions.wsj.com/n/mb/message.asp?webtag=wsjvoices&nav=messages&msg=3828


MSNBC poll 90% against
http://www.msnbc.msn.com/id/15119408/

Googled these two up.
They are online polls so obviously they will be influenced in that only internet users can vote, but I have never seen a survey of the general public that was in favor of a ban.

 

[OptimaDomains]

Sounds like the actual casinos in Vegas, Michigan, etc...are the winners here. My hunch is they probably backed the law & lawmakers with a vengeance.

I personally never tried online gambling...and I guess I never will

My thoughts are same with you on that. Im guessing business has slowed down in Vegas due to the growing number of online gamblers. Why drive to Vegas when you could gamble in the convenience of your own home?

I read somewhere that about 70% of the online casino customer base are from the U.S. Not to mention, the incredible amounts of money that Americans were losing to foreign based casinos. Losing billions of dollars a year to foreign countries must've had a negative effect on the overall U.S. economy.

WSJ poll 85% against
http://discussions.wsj.com/n/mb/mes...ssages&msg=3828

MSNBC poll 90% against
http://www.msnbc.msn.com/id/15119408/

Googled these two up.
They are online polls so obviously they will be influenced in that only internet users can vote, but I have never seen a survey of the general public that was in favor of a ban.

I'm not sure how credible these polls can be. My guess is that many of these online votes were submitted by people with biased opinions; perhaps people making a living off the industry or online gamblers. In any case, everyone is entitled to their opinions, but my point is, people against this ban are more likely to place their votes, as opposed to non-biased web surfers who don't have strong feelings either way.

 

[dgridley]

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