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e_ratledge
Royal Flush
Joined: 24 Oct 2005
Posts: 786
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 Posted: Wed May 06, 2009 2:43 pm Post subject: Lawmakers Bet on Internet Gambling Legislation |
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Not sure if anyone seen or heard about this but it is a bit of hope for us USA poker players online. I saw this on tv Foxnews.com then went to their website to read up a bit more on it. Here is the topic link to the site and what it stated there.
http://www.foxnews.com/politics/2009/05/06/lawmakers-bet-internet-gambling-legislation/
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Lawmakers Bet on Internet Gambling Legislation
Reps. Barney Frank, D-Mass., chairman of the House Financial Services Committee, and Peter King, R-N.Y. unveiled legislation Wednesday that would enable Americans to legally gamble online.
By Mosheh Oinounou
FOXNews.com
Wednesday, May 06, 2009
Lawmakers are rolling the dice on Internet gambling.
Reps. Barney Frank, D-Mass., chairman of the House Financial Services Committee, and Peter King, R-N.Y., unveiled legislation Wednesday that would enable Americans to legally gamble online.
"The government should not interfere with people's liberty unless there is a good reason," Frank said. "This is, I believe, the single biggest example of an intrusion into the principle that people should be free to do things on the Internet. It's clearly the case that gambling is an activity that can be done offline but not online."
The law currently prohibits credit card companies and banks from processing bets placed on online gambling Web sites.
The legislation will repeal language passed in 2006 and signed into law by President Bush that made it illegal for banks and credit card companies to process bets made on the Internet.
Opponents argue that this will serve as a "clear danger to our youth" and encourage gambling addiction at a young age.
"If you put a computer in a teenager's bedroom, or in a student's dorm room at college, it's a temptation that many fall prey to," Rep. Spencer Bachus, R-Ala., said in a statement. "In fact, studies have shown that the earlier one begins gambling, the more likely it is he or she will become a compulsive problem gambler."
But Frank said his bill will include safeguards to prevent underage or compulsive gambling and other illegal activity.
"The notion that a society should prohibit something entirely because of the possibility that children will abuse it is a terrible blow to liberty," Frank said.
Among the safeguards in the bill is that any Internet gambling operator would be required to: ensure an individual placing a bet is of legal age (as defined by the law in the state or tribal area) and physically located in that jurisdiction, combats compulsive Internet gambling and money laundering, and protects privacy.
Frank added that he feels this will lift the burden off banks, which are compelled under the current legislation to regulate gambling activity.
The Poker Players Alliance, chaired by former New York Sen. Alfonse D'Amato, supports the bill. D'Amato said Wednesday in a press release that he is "grateful for Chairman Frank's leadership and will be activating our grassroots army made up of over one million members to help him drive legislation."
Michael Brodsky, head of Youbet.com, an online gambling Web site, praised Frank's bill.
"Banning Internet gambling has the same effect as the ban on alcohol had during Prohibition," Brodsky said. "It merely drives the activity underground, forgoes massive tax revenues and makes criminals out of otherwise law-abiding citizens.
"Chairman Frank's bill realities and would bring this underground activity into the light," he added. |
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KGBlovesOreos
Moderator
Joined: 28 Jun 2005
Posts: 5552
Location: lala land
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| Posted: Thu May 07, 2009 10:29 am Post subject: |
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I've noticed lately that politicians who previously opposed things such as the legalizations of marijuana, gay rights, and online gambling, have begun to shift their views. The trend these days is to bring prosperity to your state and local governments (for obvious reasons), and I wouldn't be surprised if many of the things people opposed due to their "morals" (ugh) began to vote the opposite way. Legalizing any of those things I mentioned above would bring millions of dollars into the economy, and would certainly go a long way towards getting (insert politician's name) re-elected.
Even though I would disagree with their reasoning for swaying their vote, it's ultimately for the good of the country. Legalizing weed and online gambling, along with giving gays and lesbians equal rights would do zero harm to us. |
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BBCOACH44
Full Tilt Coach
Joined: 24 Oct 2006
Posts: 8466
Location: Throwing BP
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| Posted: Fri May 08, 2009 7:58 am Post subject: |
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TY...E for sharing....  |
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ManilaDog
Asian Dog
Joined: 09 Feb 2007
Posts: 4389
Location: Brockton Ma and Republic Of Philippines
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| Posted: Fri May 08, 2009 9:07 am Post subject: |
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| KGBlovesOreos wrote: |
I've noticed lately that politicians who previously opposed things such as the legalizations of marijuana, gay rights, and online gambling, have begun to shift their views. The trend these days is to bring prosperity to your state and local governments (for obvious reasons), and I wouldn't be surprised if many of the things people opposed due to their "morals" (ugh) began to vote the opposite way. Legalizing any of those things I mentioned above would bring millions of dollars into the economy, and would certainly go a long way towards getting (insert politician's name) re-elected.
Even though I would disagree with their reasoning for swaying their vote, it's ultimately for the good of the country. Legalizing weed and online gambling, along with giving gays and lesbians equal rights would do zero harm to us. |
whoa................. zero harm does mean good for the country......what kind of reasoning is that ? |
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CIVICSI
Pair
Joined: 09 May 2009
Posts: 33
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| Posted: Sat May 09, 2009 12:38 am Post subject: |
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| how come internet sports betting isn't in this legislation?? |
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CIVICSI
Pair
Joined: 09 May 2009
Posts: 33
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| Posted: Sat May 09, 2009 12:38 am Post subject: |
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| how come internet sports betting isn't in this legislation?? |
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suicideblonde1
Banned
Joined: 19 Feb 2008
Posts: 1975
Location: an animal trapped in a hot car
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| Posted: Sat May 09, 2009 1:31 am Post subject: |
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| ManilaDog wrote: |
| whoa................. zero harm does mean good for the country......what kind of reasoning is that ? |
Pretty sure he stated it would do zero harm, whilst bringing in revenue as a positive. Makes sense from where I'm standing. |
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KGBlovesOreos
Moderator
Joined: 28 Jun 2005
Posts: 5552
Location: lala land
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| Posted: Sat May 09, 2009 3:59 pm Post subject: |
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| suicideblonde1 wrote: |
| ManilaDog wrote: |
| whoa................. zero harm does mean good for the country......what kind of reasoning is that ? |
Pretty sure he stated it would do zero harm, whilst bringing in revenue as a positive. Makes sense from where I'm standing. |
Yep. |
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