DOJ - U Turn
What does this mean for the on-line poker world? Does this mean Bodog, Pokerstars and the like will all be back real soon?
This is big news to me, I think it will change the poker landscape very soon, a lot of people have made moves (stars and bodog) in complience with the old law, and many were making preperations in light of the anticipated legalisation. I imagine there are a few people not having a merry christmas, Howard Lederer is probably putting a gun in his mouth as we speak. ;-)
Quote: WizardofEnglandSo the DOJ has decided that on-line poker (and any other games of chance) are no longer illegal in the US, and that the wire act only applies to Sports and events.
DOJ - U Turn
What does this mean for the on-line poker world? Does this mean Bodog, Pokerstars and the like will all be back real soon?
This is big news to me, I think it will change the poker landscape very soon, a lot of people have made moves (stars and bodog) in complience with the old law, and many were making preperations in light of the anticipated legalisation. I imagine there are a few people not having a merry christmas, Howard Lederer is probably putting a gun in his mouth as we speak. ;-)
The transfer of funds should still fall as illegal under the law. But I see that changing sooner or later, probably sooner as governmnet is just one step behind declaring coins left in vending machine returns as forfeited assets they need revenue so bad. The sad thing is they still want to keep sports betting illegal as though betting on sports is somehow wrong or will destroy the game. Hopefully that falls soon too, and we can keep the low-limits of Bovada and FiveDimes.
Quote: AZDuffman
The transfer of funds should still fall as illegal under the law..
But the transfer of funds was only illegal due to the uigea, which only makes transfer of funds illegal if it is for illegal gambling! Right?
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Pacific Poker
Quote: WizardofEnglandSo the DOJ has decided that on-line poker (and any other games of chance) are no longer illegal in the US, and that the wire act only applies to Sports and events.
DOJ - U Turn
What does this mean for the on-line poker world? Does this mean Bodog, Pokerstars and the like will all be back real soon?
It means you will have to submit a fingerprint for ID. But, you can cash out using that form of ID, without having to jump through other hoops.
It means you will be sent a quarterly W2-G form if your account shows a gain, and a yearly statement with gain/loss for that calendar year.
98Clubs
Me, I'm still waiting for Oregon to pass a law similar to the Washington law removing the state liquor monopoly. Maybe next fall if you guys don't botch it this summer...
Quote: MathExtremistStates rights prevails. It's still illegal in WA, OR, etc. barring affirmative legislative action to the contrary. That may be more likely in view of the DoJ ruling, but it's no guarantee.
Me, I'm still waiting for Oregon to pass a law similar to the Washington law removing the state liquor monopoly. Maybe next fall if you guys don't botch it this summer...
Yeah, it is going to be interesting to see how the liquor privatization works out.
If they do reverse the law, do they only do it for just poker? Or would they think about letting the other games (Bovada, etc) be playable.
Might take years to see the answer to this one.
Fingerprint on any login that must match. All payments to CC address only AFTER FPID match. Simple as that.
Fake fingers to be the new business rage, huge profits, get in on the ground floor now! You heard it here first!
The US falls behind on many things which all rubs out on the tax payer