Online and Offshore Gambling
Industry News By:
September 30th, 2006 - Page Updated at 3:45pm
Senior Editor For WagerOnFootball.com Handicapping.
Gambling Bill passes - Congress welcomes back
Many local bookmakers such
as "Benny the Bullet" were seen partying
and rejoicing in Central Park, New York late
last night and into the early morning hours
business is expected to quadruple, just as bootlegging
did years ago.
I also imagine that some Poker houses are equally
ecstatic to welcome back basement games.
The reason for all of this jubilation is due
to Prohibition returning to the United States
once again. Only this time, Prohibition is disguised
in the mask of an Internet gambling bill.
Lawmakers stayed up late as well, making sure
to throw our country back into the Dark Ages.
It became apparent that Republicans spearheaded
by Senator First would stop at nothing to prohibit
Internet gambling. In a last ditch desperation
move, the Senate majority leader was able to
attach legislation to ban online gambling to
a Port Security bill that had no correlation
whatsoever with online betting.
And it was automatically passed in the Senate
without even a debate or a formal vote.
To summarize what was passed, this bill is
designed to prevent the use of payment instruments
(credit cards, fund transfers, etc.) for certain
forms of online gambling that are defined as
“unlawful Internet gambling.” The
bill requires financial institutions to identify
and block payments related to so-called unlawful
Internet gambling transactions. If there is
a violation, the government may file a lawsuit
(known as an injunction) to prevent or restrain
The bill provides a special exemption for three
types of Internet gambling: (1) horse racing
under the Interstate Horseracing Act (IHA),
so OTBs and account wagering systems can remain
in business, (2) Indian gambling that takes
place on a reservation or between two reservations;
and (3) Internet gambling that occurs solely
within a state’s own borders, referred
to as Intra-state gambling.
It is hypocritical of our government to make
exceptions for some forms of online gambling,
while declaring it illegal for most others to
According to our Friends
at onlinegamblingmythsandfacts.com, this bill
should not be signed by President Bush for the
with private personal freedom- Americans have
the right to engage in recreational activities
from the privacy of their own home.
is opposed by the majority of voters and supported
by a small minority.
is opposed by leading newspapers and scholars
who cover the realm of Internet gambling.
will not work because Americans want to gamble
online and will find a way to do so whether
it is legal or not.
will drive revenues and potential tax revenues
violates US trade treaty obligations and a WTO
ruling because among other reasons, this bill
favors US remote gambling (online horse racing,
online lotteries, etc), while seeking to ban
foreign remote gambling (offshore casinos and
sports books, etc).
bill is totally out of line with a number of
forward thinking countries-including the United
Kingdom– that have decided to regulate
online gambling rather than seeking ineffective
ways to try to ban it.
will not accomplish its purported goals (propoganda)
of fighting money laundering, organized crime,
problem gambling or underage gambling.
will burden Internet service providers, search
engines, and banking/financial services companies,
third parties who will bear the cost and responsibility
to try to comply with the new law.
is detrimental and contrary to the concepts
of freedom of expression and ‘Net neutrality’
embraced by Congress.
In fact, Senator Frank R. Lautenberg (D) from New
Jersey called the entire process a "sham"
last night by saying no one among the committee
had even seen the final language of the Bill
and the head of the conference board wasn't
even there in attendance.
It is a travesty and a tragedy to witness our
government cram the Senate majority leader's
agenda onto a much needed Port security bill
that has nothing at all to do with Internet
It is comical to imagine Americans getting
arrested for playing Texas holdem in their homes
or for taking the 6 points on the New England
Patriots against the Bengals on Sunday.
If my interpretation is correct, the President
will sign this legislation within two weeks,
but it allows 270 days before it is regulated
The clock is ticking and time appears to be
running out. Whether or not this bill will ever
really be enforced remains to be seen.
In my opinion, it won't happen, but I will
save that for another column.
Used by Permission
from EOG.com & written by Kenneth Weitzner--EOG
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