Goldfinger wrote:
It worked brilliantly in that it created an initial shock and awe. Wether or not it will be effective in preventing Americans from gambling online for the next 270 days remains to be seen. This will be a make or break period for this law. If US citizens continue to gamble then this law will surely be a joke. Let´s wait and see.
I agree 100 %. It has definitely created a “sky is falling” mentality in the industry the last couple of weeks, but it will be interesting to see if it really creates the deterrent or not. Wait and see it is. If Congress goes Democratic in November, that will help the situation a bit. If the Republicans stay in control, there will probably be more pressure on the banking industry to comply with the law and its regulations. If the Dems are in, I can see them being more sympathetic to the burden it will put on the banking sector, and I can see this law being as effective as the Can-Spam-Act of 2003. Again, we will have to wait and see.
I agree 100 %. It has definitely created a “sky is falling” mentality in the industry the last couple of weeks, but it will be interesting to see if it really creates the deterrent or not. Wait and see it is. If Congress goes Democratic in November, that will help the situation a bit. If the Republicans stay in control, there will probably be more pressure on the banking industry to comply with the law and its regulations. If the Dems are in, I can see them being more sympathetic to the burden it will put on the banking sector, and I can see this law being as effective as the Can-Spam-Act of 2003. Again, we will have to wait and see.