I have a confession. I like to play poker. Not that I’m all that good at it, but I like it. I’ve been tempted to try my chops at online poker but, thanks to the US congress, that urge will no longer be an option:
To summarize what was passed, this bill is designed to prevent the use of payment instruments (credit cards, fund transfers, etc.) for certain forms of online gambling that are defined as “unlawful Internet gambling.” The bill requires financial institutions to identify and block payments related to so-called unlawful Internet gambling transactions. If there is a violation, the government may file a lawsuit (known as an injunction) to prevent or restrain the violation. The bill provides a special exemption for three types of Internet gambling: (1) horse racing under the Interstate Horseracing Act (IHA), so OTBs and account wagering systems can remain in business, (2) Indian gambling that takes place on a reservation or between two reservations; and (3) Internet gambling that occurs solely within a state’s own borders, referred to as Intra-state gambling.
The bill doesn’t define “unlawful Internet gambling”. So, I guess he horseracing folks have some pull, since it is a sport for rich dudes. Anyway, it’s a stupid bill.
The bill passed by an overwhelming margin because it was attached to a port security bill. CJ says:
What this Congress is saying, then, is that it is more important to attack the scourge of online gaming than it is to make sure our buses and trains do not blow up. This is the Congress we elected. This is the Congress we have to get rid of.
Terry Frank tells us that all Tennessee congress monkeys voted for it, except for Jenkins. Good for Jenkins. (Update: Terry comments that Jenkins was a no vote and not a nay – that is, the dude didn’t vote not that he voted no. Stupid reading comprehension).
Party Gaming, the largest online gambling site, issued a statement:
After taking extensive legal advice, the Board of PartyGaming Plc has concluded that the new legislation, if signed into law, will make it practically impossible to provide US residents with access to its real money poker and other real money gaming sites. As a result of this development, the Board of PartyGaming has determined that if the President signs the Act into law, the Company will suspend all real money gaming business with US residents, and such suspension will continue indefinitely, subject to clarification of the interpretation and enforcement of US law and the impact on financial institutions of this and other related legislation. Access to PartyGaming’s online gaming sites for the Group’s US free play customers will be unaffected. Access for all of PartyGaming’s non-US customers will also be unaffected.
The back-alley sports-book and poker games will be on the uptick. Poker is now more popular than it ever has been and there will be an expansion of criminal activity as a result of this legislation. Yes, illegal gambling has been around but, with poker’s popularity, it’s bound to increase.