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Sheriff Fatman
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« Reply #45 on: October 02, 2006, 02:24:25 PM » |
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The legislation is quite clever in that its not trying to enforce action against the sites themselves, which are outside US jurisdiction, but it is shutting down the US players options for getting money into accounts.
If the banks aren't allowed to action transfers into poker sites and are made to report these attempted transactions to the US Govt then it becomes very difficult for the average US punter to play.
People will find ways around it, but they will be the ones who are most likely affected by this (i.e. the full time pro players).
Sheriff
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"...And If You Flash Him A Smile He'll Take Your Teeth As Deposit..."
"Sheriff Fatman" - Carter the Unstoppable Sex Machine
2006 Blonde Caption Comp Ultimate Champion (to be replaced by actual poker achievements when I have any)
GUKPT Online Main Event Winner 2008 (yay, a poker achievement!)
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bolt pp
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« Reply #46 on: October 02, 2006, 02:35:26 PM » |
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CALM DOWN!!!! CALM DOWN!!!  Its just a commercial!!  |
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boldie
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« Reply #47 on: October 02, 2006, 02:42:38 PM » |
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Maybe theres a business opportunity here for someone.
Set up a company over here they could make payments to and we could deposit on their behalf into their account. It wouldn't be a bank so would be legal?
it's those things they are going after. moneybookers and netteller and the likes |
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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Mbuna
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« Reply #48 on: October 02, 2006, 02:43:15 PM » |
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boldie
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« Reply #49 on: October 02, 2006, 02:46:25 PM » |
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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Woodsey
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« Reply #50 on: October 02, 2006, 02:46:58 PM » |
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Maybe theres a business opportunity here for someone.
Set up a company over here they could make payments to and we could deposit on their behalf into their account. It wouldn't be a bank so would be legal?
it's those things they are going after. moneybookers and netteller and the likes But are they banks? And would a private enterprise be different? The cash could come from your stars account (or other site where you can transfer funds) once they made a payment to you with a small % premium for the service. |
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boldie
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« Reply #51 on: October 02, 2006, 02:49:52 PM » |
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Maybe theres a business opportunity here for someone.
Set up a company over here they could make payments to and we could deposit on their behalf into their account. It wouldn't be a bank so would be legal?
it's those things they are going after. moneybookers and netteller and the likes But are they banks? And would a private enterprise be different? The cash could come from your stars account (or other site where you can transfer funds) once they made a payment to you with a small % premium for the service. moneybookers is not a bank. it's just an intermediary between the "real world" and the "online" world. |
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Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
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Woodsey
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« Reply #52 on: October 02, 2006, 02:59:44 PM » |
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Maybe theres a business opportunity here for someone.
Set up a company over here they could make payments to and we could deposit on their behalf into their account. It wouldn't be a bank so would be legal?
it's those things they are going after. moneybookers and netteller and the likes But are they banks? And would a private enterprise be different? The cash could come from your stars account (or other site where you can transfer funds) once they made a payment to you with a small % premium for the service. moneybookers is not a bank. it's just an intermediary between the "real world" and the "online" world. I don't know how moneybookers works, or whether its on the same basis as neteller. But the difference could be the final payment comes from one poker account to another, rather than a bank, intermediary or whatever else. I don't have an entrepenerial bone in my body, but thought this could be an idea for others to look at. |
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Jon MW
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« Reply #53 on: October 02, 2006, 03:22:14 PM » |
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The bill has it covered anyway …”No person in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling-- …
“(4) the proceeds of any other form of financial transaction, …,which involves a financial institution as a payor or financial intermediary on behalf of or for the benefit of such other person… Unlawful Internet Gambling Enforcement Act of 2006And there is a boring bit I've missed out which defined what a financial institution is, i.e. what is covered by this clause - basically this boiled down to 'whatever the US wants it to be'. So whatever you set up the Authorities could classify it as a financial institution and it would be covered by this clause |
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Jon "the British cowboy" Woodfield
2011 blonde MTT League August Champion
2011 UK Team Championships: Black Belt Poker Team Captain - - runners up - -
5 Star HORSE Classic - 2007 Razz Champion
2007 WSOP Razz - 13/341
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thetank
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« Reply #54 on: October 02, 2006, 04:18:12 PM » |
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Let's not let some perspective get in the way of some good doom-mongering Mr. Moves.  |
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For super fun to exist, well defined parameters must exist for the super fun to exist within.
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bolt pp
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« Reply #55 on: October 02, 2006, 04:38:37 PM » |
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888 up to 108
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Tonji
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« Reply #56 on: October 02, 2006, 04:55:20 PM » |
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888 up to 108
is that 108 players online  |
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bolt pp
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« Reply #57 on: October 02, 2006, 05:00:00 PM » |
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888 up to 108
is that 108 players online No, its stockholders that have attempted to jump out of a window |
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Sheriff Fatman
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« Reply #58 on: October 02, 2006, 05:01:48 PM » |
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Actually its waiting time (in days) for a cashout to Neteller.
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"...And If You Flash Him A Smile He'll Take Your Teeth As Deposit..."
"Sheriff Fatman" - Carter the Unstoppable Sex Machine
2006 Blonde Caption Comp Ultimate Champion (to be replaced by actual poker achievements when I have any)
GUKPT Online Main Event Winner 2008 (yay, a poker achievement!)
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MrMoves
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« Reply #59 on: October 02, 2006, 05:09:17 PM » |
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Let's not let some perspective get in the way of some good doom-mongering Mr. Moves. Sorry if I sounded harsh, Tank. 888 have recovered a lot of their share price loss during the day. Their exposure in America is less than some. I believe Ladbrokes were positive earlier too. They seem to do alright without Americans. Same old for me. Losing money to everyone, that is. |
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