Here are a few notable mentions that people may find interesting.
1. The applicant agrees to be subject to USA jurisdiction and all applicable USA laws relating to internet gambling
2. Stipulation for the NFL, NBA, NHL, MLB, etc… Sporting leagues may prohibit internet gambling on league activities. (In other words, no sportsbooks in the United States since the leagues oppose this bill).
3. No licensee shall accept bets or wagers, or engage in any Internet gambling activity within any State or in the tribal lands which prohibit it. (you would see a lot states enacting explicit bans on internet gambling if the bill passed..)
4. Intermediate Routing – The intermediate routing of electronic data shall not determine the location or locations in which a bet or wager is initiated, received or otherwise made (Hmmm…this is also in the UIGEA. This means that I can place a bet in Texas, and my data can take a hop through an ISP in California, as long as the bet returns and is placed in Texas.. no bets outside of the state)
5. Financial Institutions- No financial institution shall be held liable for engaging in financial activities and transactions for or on behalf of a licensee or involving a licensee, if such activities are performed in compliance with this subchapter and with applicable Federal, State, and foreign banking laws and regulations (gotta protect the banks.. of course)
In layman’s terms, I think the intent of this bill is to further expand the exclusions for intrastate gambling that were carved out in the UIGEA… I don’t think it’s meant to open the flood gates…more like limiting the action to the individual states
:stirpot: as always, just my two cents