Pokerati’s own Dan Michalski will be on Wise Hand Poker shortly (5:45pm PT?) to discuss the 60 Minutes/Washington Post pieces on the Absolute Poker and Ultimate Bet incidents. To listen live head to www.roundersradio.com.
Oh shit, right! I better sober up!
Now if they only had Pauly on as well and they taped a ToP DURING the interview.
Good job, Dan! I know you had much more you wanted to say, but you brought some important issues to the convo.
While I understand the point you’re making that gambling online is illegal, Cathrine Hanaway (the Justice Department attorney attempting to convict David Carruthers of Bet On Sports for internet gambling) said in House testimony that it’s not illegal to gamble online. http://www.youtube.com/watch?v=7hLvHeZMakc
Also, while the UIGEA regulations are scheduled to take affect January 19, 2009, banks have until December 1, 2009 to fully enforce those regulations.
I really don’t want to be the one screaming that gambling online is “illegal”. I understand that technically it’s not … but it’s legally questionable enough that major businesses stay away from much to do with poker.
When Full Tilt dot COM can run ads like this, then I think we can comfortably say the industry is as legal as we’d like it to be:
***Also, while the UIGEA regulations are scheduled to take affect January 19, 2009, banks have until December 1, 2009 to fully enforce those regulations.***
So what do you think that means — my assertion that everything changes further on January 19 is what I am most unsure about. Giving them ’til December 9 … do you think that means they’ll just keep putting it off and off until it eventually goes away?
I’m sure some banks are hoping that happens. With the various issues the banks are having (especially with the various bailouts), they’re certainly hoping the regulations go away. During the House testimony, they basically said it’s impossible to know if some transactions are illegal or not, especially if someone uses a credit card at a casino, or a site creates a T-shirt shop to have people send money.
A ruling the other day in the Yahoo/Google case over online gambling ads kinda said the same thing:
Court says they did nothing wrong, essentially … yet they still had to pay $31.5 million for past possible offenses.
I can’t think of too many other legal businesses that run into these problems.
No body wants to make a decision, it seems, one way or the other — definition of gray market, no?
“Legal Business” runs into similar problems all the time. They pay the attorney blackmail because it is cheaper to settle than defend. Ask your doctor about it. Hits the evening news occasionally and is always on the net… “XYZ paid 2-gazillion in settling a suit without either side…”
Have some joker ride with you and get stopped by the cops and he’s ‘carrying’ goods and they own your car under RICO.
Time to move the Absolute and UB stuff into the category: small potatoes. And the legit sites are happy to fly under the radar where possible.
***And the legit sites are happy to fly under the radar where possible.***
Actually, I am pretty sure they’d like to be above the radar. There’s so much money to be made in doing so. PartyPoker is a legit site, as is 888. They aren’t trying to fly under any radars.
Am I wrong in thinking the likes of Full Tilt and PokerStars would also love to be fully above the radar?
The radar I was referring too is that of the Attorney General and his minions. That’s the guy that can spend all of our money taking all of yours. David slews Goliath on occasion. The other times can get costly as any trial lawyer one is forced to consult quickly explains.
Who is this other “Waldo” guy? I didn’t authorize yet another use of my name. It’s an outrage!
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