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68 Comments
- Shigglyboo, on 11/12/2008, -1/+39Why is lobbying legal anyway? Is seems like bribery to me.
- bruno1969, on 11/12/2008, -1/+29Another good reason to kick all the lobbyists out of Washington.
- snotrokit, on 11/13/2008, -0/+13After 8 years of shamelessly taking care of his buddies, I just can't wait to see the absolute ***** this man tries to cram through in the next month or two.
- inactive, on 11/13/2008, -0/+13Poker legend (and long time *Republican*) Doyle "Texas Dolly" Brunson publicly warned his party on Cavuto that this kind of control freak ***** would put them in the minority. The Republican party didn't listen, expanded the size of government even more, and now they're in the minority. Why, it's almost as if the smart old man was right!!
- davewashere, on 11/13/2008, -0/+11If I can't make my weekly NFL bets, what exactly is my motivation for watching football?
- alamedaman, on 11/13/2008, -0/+10yeah, we should have the government regulate transactions between consenting adult individuals. how about having the government regulate what I eat or when I can poop. ***** this.
- Navicerts, on 11/13/2008, -0/+10Most online gambling sites offer WAY better odds than land based casinos in the US as well as state sponsored lotto. They are simply trying to eliminate the competition.
However.... Is it really a law if it is so easily breakable and difficult to track? The banks are not going to work as enforcement and they won’t be able to regulate third party options such as western union, echecks, or (fill one of hundreds of company names in here). So that leaves me wondering where they will go next with legislation. The only added things they may do is create new punishments for people who gamble online (as a scare tactic w/ a few people made into examples) or some sort of broad sweeping legislation that makes it very difficult to move money for any purpose (online gambling or not).
Reminds me of the RIAA baling out a sinking ship and trying to take down as many passengers as possible in the process. This will be even easier for them though as they can paste the image of a degenerate gambler on their ad's (it will be easier to pass off than the "thief’s" ad campaign) - OMGIAMTHEMAN, on 11/13/2008, -1/+10because it's legal for you or me as ordinary citizens to write a letter and send a basket to our congressman explaining our point of view and asking them to please consider our position. if we can do it, then we can hire someone to do it for us also.. that's basically it
- FrickD, on 11/13/2008, -0/+9Great, another victimless crime. Thanks Nanny state.
- Navicerts, on 11/13/2008, -0/+7You numb skull; he isn't the president yet = can't stop Bush.
Are you dumb-tarded? - authorfriendly, on 11/13/2008, -0/+7Congress can pass a law with only 50% to undo this, and Obama is gathering a ton of such laws, but someone has to make sure this makes the list. Johnathon Turley just discussed this legal strategy on MSNBC.
- Remelox, on 11/13/2008, -0/+7If online gambling is illegal, I will lose my E-trade account.
- roebeet, on 11/13/2008, -0/+7It's called President ELECT - he's not President, yet.
- authorfriendly, on 11/13/2008, -1/+7its gambing with the odds stacked in your favor...
- pintomp3, on 11/13/2008, -0/+6barney frank is the good guy now?
- bigtoes, on 11/13/2008, -2/+7Republicans are socialists
- inactive, on 11/13/2008, -0/+5"The move is drawing hot protests from Democratic lawmakers"
Ummm guys? DO ***** SOMETHING AND STOP WHINING! - DangerCollie, on 11/13/2008, -0/+4Nice way to pay back the religious right for all the support. Midnight regs for online gambling. lol. Way to be a total tool for corrupt people. That's what you get for mixing religion and politics.
Ironically the Democrats can erase all of Bush's last minute rule changes on a voice vote. - heywilliams, on 11/13/2008, -0/+4What a great time to be saddling the banks with extra legislation! And why... to protect us from playing online poker? Thanks GOV!
- jonesyb, on 11/13/2008, -0/+4Why do this anyway? I can't see the point. I am hoping to move to NYC soon and if I can't play online poker I won't be that happy.
- Navicerts, on 11/13/2008, -0/+4Drugs?
Prohibition?
Prostitution?
I think this particular one will be enforced even more because it is cutting into someone profit margin (lobbyists for casinos + state run lotto).
This is nothing new. - infodoc1, on 11/13/2008, -0/+4In their final days, the Bush admin. should be working to fix some of the many problems they created rather than worrying about blocking our freedoms.
- snotrokit, on 11/13/2008, -0/+4ain't it grand!? Really. My wife and a lot of my friends are always wondering where the hell I get my news from.
- surgeongg, on 11/13/2008, -0/+3I'm a semi-pro poker player actually. Luckily I live in Norway but they're trying to do something similar here as well. ***** nanny state *****. Go ***** yourselves government!
What will I do without all the American spewmonkies donking of their moneys? :/ - odigity, on 11/13/2008, -0/+3They'll come back.
Look, have you ever been camping? If you leave a bunch of food lying around at night, it will attract animals. Do you then say "we need to kick all the animals out of the forest"? Clearly the problem is the existence of the carelessly strewn food.
What we need to do is kick all the government out of moral legitimacy: http://www.youtube.com/watch?v=60veZm9ZbyU
Until then, you've got the most massive accumulation of power in the history of the world, and you'll never be able to counter the irresistible gravitational pull it has on everyone who is tempted to use that power for personal gain. Not only does it draw out every intelligent sociopath, but it's existence corrupts our entire culture, and incentivizes evil by those who might otherwise have remained good. - nutzngum, on 11/13/2008, -0/+3If there doesn't exist some kind of variation on this already, i think there should be some kind of law that says "once someone else wins the presidential election, the current President can no longer make new laws, or if he does, make their final approval the decision of the President-elect once he/she's in power".
too simple? - dancindrudge, on 11/13/2008, -0/+3and those who run vegas are now asking for the age to be dropped to 18 instead of 21 now.. hmmmmmm
- GawtMilk, on 11/13/2008, -0/+3Barney Frank is against this? I guess that means the online gambling industry will collapse in a few month.
- inactive, on 11/13/2008, -0/+3The problem isn't lobbying itself, it's the fact that congress has SO goddamn much to give away, and that leads to people with 0 principles being attracted to power.
- bitbytebit, on 11/13/2008, -0/+3its NOT illegal to play online poker. the only regulation is credit card companies can't deal with poker sites in the US. If you already have a working e-wallet account you should be fine.
again its NOT illegal to play online poker in the US
stop spreading fud - Navicerts, on 11/13/2008, -0/+3If it is gambling; what does a lobbyist stand to *loose*?
- rsbryswrrl, on 11/13/2008, -0/+3My husband and I have been trying to wrap our heads around all this legal stuff since so many sports books are in Costa Rica and other places. For example, say you win a significant amount of money with a sports book - like $10,000. How, exactly, would you go about getting it into the U.S. and into your bank account legally? Do you declare it as income on your taxes and pay taxes on it? I would think that would be the way to do it, since you can go to another U.S. state where gambling is legal and win money and just declare it on your taxes. But if it is technically illegal to gamble online here, would you get into any trouble if you brought it into the U.S.?
- reaper527, on 11/13/2008, -0/+3nah, barney frank is worthless.
on a side note, this article DOESN'T say that barney frank is opposed to the a law preventing online gambling, the article only says that he wants illegal online gambling defined. (so he may not oppose what the bill is trying to do, but simply wants better wording on it)
we have people trying to make the us a nanny state on both sides of the aisle. we need to get rid of the democrats who are doing this, and get rid of the republicans who are doing this, and get some real politicians in those seats. - AlThor880, on 11/13/2008, -0/+3I sit at Starbucks and play online poker all the time. It's actually not illegal in any sense. Again, the only thing at issue here is the legality of banks transferring money, as in it would be the banks in trouble not you.
- Navicerts, on 11/13/2008, -0/+2That's what Digg is made for :) I don't think we would know about things like this otherwise (I wouldn't).
- reaper527, on 11/13/2008, -1/+3love of the game?
- Navicerts, on 11/13/2008, -0/+2Well I assume you are moving from outside the US because it is already a federal law to not play online poker. Assuming this is the case just keep your current bank account and you will not have any problems. The only current enforcement is that banks can not deposit into online gambling sites.
Worst case scenario the Us government tries to "pull a China" and block all poker sites from within the US (I wouldn't be surprised), that isn't too hard to bypass either. If that does happen it would be the beginning of the end for the internet's though, online gambling aside.
Matter of fact, I bet a lot of people play in the US and have no idea it is illegal simply because their payment method may not have been Bank > Online gambling site. and even so who is to say that you are not grandfathered and already had a balance BEFORE the law was set in place?
It's an impossible thing to enforce they are just trying to throw the big net and gain as much revenue as possible with the fish they manage to keep. - Strungout, on 11/13/2008, -1/+3It is bribery
- bigtoes, on 11/13/2008, -1/+3Barney Frank cares more about America's freedoms than the Bush administration . Pretty low bar no ?
- rsbryswrrl, on 11/13/2008, -0/+2Could the fact that land-based casinos offer better odds have anything to do with the fact that all online gambling sites are not based in the U.S. and thus do not pay U.S. taxes? Just playing devil's advocate - my hubby is an active member of several betting sites. But the reality is that the "powers that be" don't want anyone making money unless they can have their hand in the pot too.
- JackpotCity, on 11/14/2008, -0/+2In place of attempting to push through last minute ***** like this they should be packing up and getting ready to get the hell out of office.
- AlThor880, on 11/13/2008, -0/+2The legality does not lie in the act of betting, including wins and losses.
The legality lies with the banks and their policies. The bill currently only prohibits banks from transferring funds to and from online gambling accounts. This means that if you successfully send/receive money to these establishments you would not be the one in trouble, but the bank that accepted the "illegal" transaction.
Of course, this makes any US bank create a blanket policy against such transactions to avoid any legal consequences, and this affects the person who wants to use their money on something they enjoy.
To answer your question though, yes you need to declare it as income. This is what I did when I won ~$8,000 from a tournament online.
Technically even if the act of online gambling were illegal, you would still need to declare any winnings. Even illegal income is taxable. - PopcornDave, on 11/14/2008, -0/+2Every president rams ***** through at the last minute be it pardons, or ***** like this. It's not like Bush is the only one to have ever done it throughout history.
- obliviousfool, on 11/13/2008, -0/+2As long as your society is big business
- bigtoes, on 11/13/2008, -0/+2If you run for office I will champion you ! Well said .
- PopcornDave, on 11/14/2008, -0/+2No he's just for getting people in to the game that can't possibly afford the ante.
- 3Den, on 11/13/2008, -0/+2You withdraw your winnings by wire transfer, check in the mail, or whatever other method is availalbe -just like any other business paying you money.
As the books are located outside the US - they have no US reporting requirements.
Whether YOU are required to report it as income, and how you have to pay taxes, is entirely on your shoulders.
One large problem wtih this bill is this - the new bill doesn't in any way declare WHAT kind of online gambling is legal or not. It doesn't address the act of gambling at all, and it makes a statement to that fact exactly.
All it does do is lay out restrictions on the transfer of money for the purposes of illegal gambling.
The difficulty here is that this bill in no way clears up what is legal and not, and therefore it's very difficult for the banks to determine as well. - Autodidaddict, on 11/14/2008, -0/+1All of what everyone else said is pretty much correct.
It is your responsibility to declare the winnings...the government and most states even have special forms to declare gambling winnings and help you figure out how much you owe. The government would rather you declare it and give them some...they won't arrest you for gambling online.
But if you do decide to keep it, just be careful how you do it. Try to request payments for around 1000 dollars or less and withdrawl your bankroll slowly. Banks are required to report large deposit transactions to the IRS and probably also to homeland security. Banks never say what the exact amount of a deposit will get flagged, but most estimate it around 10K. But still, I would go much lower to avoid detection.
Your poker site/sports book should give you withdrawl options. What I do with my poker winnings is I request a paper check and take it to a bank account that I use only for this. It is just a free standard checking account I opened with my real information from a major commercial bank. I try to deposit checks always less than 2K.
(and ummm yes, of course I pay my taxes...) - Autodidaddict, on 11/14/2008, -0/+1Barack Obama is an avid poker player. This doesn't mean anything regarding his desire or ability to protect American's right to play games of skill online.
But it's better than having a ignorant monkey-puppet catering towards the religious-right trying to absolutely ensure he's remembered as being the worst US President ever... - krc1, on 11/14/2008, -0/+1Then they'd be making the new laws prior to the first Tuesday in November....
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