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Any day now! Look for the big photo op!
Yes, and with that in mind, don’t you think waiting 270 to react would be a little foolish?
The banks NEED to wait 270 because they need the offshore intuitions to be identified. If the DOJ feels that you knowingly and willingly accepted funds from an offshore entity, that is knowingly involved in unlawful gaming, that would be enough to be arrested.I don’t know for sure, but I would say start reacting now, because this will be a law very soon, and it is up to the individual to act lawfully.
In other words, I think you’ll be able to deposit checks, get your money through wires and Neteller, but the whole time, you may be acting illegally as you know exactly where the money is coming from. If the gov’t can prove it, you’re in trouble.
“Federal regulators have 270 days from the date this bill is signed into law to come up with regulations to identify and block money transactions to gambling sites. At this writing, President Bush had not yet signed this bill, but he will. So the regs will go into effect by the beginning of July 2007.”
But it will be law when Bush signs it.
My biggest question is what exactly needs to be changed about our websites? Are we allowed to give advice on depositting? Probably not, but I’m not quite sure just yet. Are we allowed to do this and that? Anybody able to tell me what we are and are not allowed to do after the MOMENT that Bush signs this bill?
Dan
It looks like we have another 270 days of murky waters. I compare this to prohibition and am pretty sure that this law won´t hold up for long.
Now that we are becoming more vocal about the gambling part of the bill the fact that the port security bill was half assed slips under the radar.
Has anyone thought that these big public companies may actually have a Public Relations (PR) strategy working to fight this legislation. Think about it – if these casinos and poker rooms such as Party Poker stop taking US players and US deposits – do you not think that there would be an uproar from the public who all of a sudden cannot play at these facilities.
What is missing here is public support to oppose this legislation. It is the only way it can be opposed – with direct political pressure from the public about infinging on their rights. Let’s see how many phone calls members of congress receive when the hundreds of thousands of US-based players cannot all of a sudden log into their accounts and become truly aware of how this legislation came about. There could be an avalanche of media attention regarding government infrigement on individual rights.
This could very well be the PR strategy of these rooms. Remember that many players also use these vehicles in poker to gain entry into the large land-based tournaments.
Also, I am still not convinced that there is not a hidden agenda here from land-based casinos who are fighting for regulation and licensing of the online gaming industry. What a perfect way for them to enter this lucrative industry by moving towards “proper regulation” and “licensing” so US-based players can play in US-taxed operations.
