WizardofEngland
WizardofEngland
Joined: Nov 2, 2010
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December 24th, 2011 at 7:34:04 AM permalink
So 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. ;-)
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
AZDuffman
AZDuffman 
Joined: Nov 2, 2009
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December 24th, 2011 at 12:18:38 PM permalink
Quote: WizardofEngland

So 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.
All animals are equal, but some are more equal than others
DrEntropy
DrEntropy
Joined: Nov 13, 2009
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January 1st, 2012 at 8:40:12 AM permalink
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?
"Mathematical expectation has nothing to do with results." (Sklansky, Theory of Poker).
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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January 1st, 2012 at 8:49:44 AM permalink
In light of the revelation that FullTilt was operating as something of a Ponzie Scheme, it may still be a while before things seem very good for the online betting community.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
blakepaul
blakepaul
Joined: Jan 2, 2012
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January 2nd, 2012 at 10:14:42 PM permalink
Online poker is definitely not illegal because we play poker online as a recreation. Just like in facebook and in mobile apps. The difference here is that you gain and win real money. Difference is the money in the long run. But then again, Poker can be played at all.
______________________________________
Pacific Poker
98Clubs
98Clubs
Joined: Jun 3, 2010
  • Threads: 52
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January 2nd, 2012 at 11:51:48 PM permalink
Quote: WizardofEngland

So 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
Some people need to reimagine their thinking.
casinomegamall
casinomegamall
Joined: Jan 3, 2012
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January 17th, 2012 at 1:57:10 AM permalink
Its a great news that online gambling is legal now. And will you tell me how can i register for that and submit my own fingerprints as ID.
Mega Mall Casino's: www.casinomegamall.com
YoDiceRoll11
YoDiceRoll11
Joined: Jan 9, 2012
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January 17th, 2012 at 4:19:00 PM permalink
Interesting. How would this affect state laws? For instance in WA state, it is a felony to gamble online.
MathExtremist
MathExtremist
Joined: Aug 31, 2010
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January 17th, 2012 at 5:30:23 PM permalink
States 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...
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
YoDiceRoll11
YoDiceRoll11
Joined: Jan 9, 2012
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January 17th, 2012 at 5:38:44 PM permalink
Quote: MathExtremist

States 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.

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