What is Digg?11 Comments
- TheEngineer2008, on 05/17/2008, -2/+9I had a great meeting with Ron Paul. I put a nice picture in this week's action plan.
- billywest, on 05/19/2008, -1/+5Here in Japan, online is the only way I can play poker for money.
Keep up the good work! - btschul, on 06/19/2008, -0/+2Why?
- TheEngineer2008, on 05/27/2008, -0/+2Thanks! Glad you found it to be useful and informative. :-)
- sassey, on 05/27/2008, -0/+2What a great site!!!! Thanks for sharing.........
- btschul, on 06/20/2008, -0/+1I know, I have gone back through to most of his other comment's and exposed him. I just like getting in little debates with him from time to time.
- TheEngineer2008, on 06/19/2008, -0/+1Pajeff is just a troll. Ignore him.
- TheEngineer2008, on 06/12/2008, -1/+2Special Alert:
The House Energy and Commerce Committee's subcommittee on Commerce, Trade and Consumer Protection is holding a hearing on horse racing on June 19th at 10 am. The hearing will include discussion of the industry's UIGEA "carve out".
Let's all email and call (no time for snail mail) Congress prior to the hearing to tell them that this carve out is not as strong as the industry thinks it is. Let's tell them that we expect to be part of any new deals that fix things for horseracing, while pointing out the hypocrisy of the current situation.
Some points:
* The carve-out isn't effective.
* Banks will overblock many horseracing transactions under UIGEA, both because it's expedient and because a fatal flaw in the carve-out requires that horse racing transactions fully comply with IHA to be exempt...a determination banks aren't equipped or inclined to make.
* The DoJ says online interstate horse race wagering violates the Wire Act. If banks ask the DoJ for clarification, that's what they'll be told.
* Even though UIGEA says banks don't HAVE to block horse racing transactions, will banks choose to process these transactions if they've been told that the horseracing industry is violating the Wire Act and if the UIGEA regulations leave defining UIG totally up to banks?
* Opponents of the horseracing carve-out in Congress will continue to attack it in hearings like next week's House hearing. They'll use it to expose the hypocrisy of federal online gaming law.
* Once opponents of all gaming like Focus on the Family smell blood, they'll fight horseracing's exemption as well. Many in Congress would struggle trying to justify online horseracing while simultaneously opposing other gaming on "moral" grounds.
* The Congressional coalition that helped horseracing pass its carve-out in 2006 no longer exists. The industry can't go back for a new carve-out. Federal law has to be updated, and horseracing will have to work with all of us if they want that to happen.
Links:
* The hearing: http://energycommerce.house.gov/membios/schedule.s ... (there will be an audio webcast)
* The story: http://www.kentucky.com/216/story/431467.html
* Congress: http://www.house.gov and http://www.senate.gov - inactive, on 06/18/2008, -1/+1All forms of gambling on the Internet should be outlawed
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