Thursday, March 16, 2006

Internet Gambling Ban

In yesterday's news you may or may not have heard that a U.S. House Committe approved a bill that would crush the Internet Gambling Industry, and its $12 billion dollar revenue. The main piece of this legislation is to stop the online gambling companies from accepting payments made either by credit cards, wire transfers, checks and electronic funds transfers (for example neteller and paypal to name a few) for gambling transactions. This would be a major blow to this industry, and to your PokerParty experiences. Now this is not only intended for online poker, it also includes sports wagering or any wager that is considered illegal. There have been some exceptions made in this legislation, with the likes of horse racing and fantasy sports being on the list.

This legislation would affect all those that live in an area that prohibits wagering of any kind by state or federal law. Who knows if, and when this will all take place, but it will definitely be a huge bombshell when it hits. This bill will now go to the House Floor for consideration and we will all find out whether we will be able to continue playing online poker.

For those players that want to have a say in the matter, make sure you check out the Poker Players Alliance. What is the Poker Player Alliance?

The Poker Players Alliance is a nonprofit membership organization comprised of poker players and enthusiasts from around the United States who have joined together to speak with one voice to promote the game, ensure its integrity, and, most importantly, to protect poker players’ rights.

They have set up a section on the website strictly for these bills and you can act on these matters by reading through the material and filling out a form that will go to the Senate. Atleast you are taking a stand on this matter.

This proposed shut down of online poker is a substantial threat towards not only the companies that run these sites, but I know that a lot of people around the world make a pretty nice living through playing online poker. So, if you do not want to have your dreams broken because of this legislation, its time to do something about it.

Stay tuned for any further updates, and don't forget the partypoker bonus code 20BR for your next PokerParty.

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Blogger Road Warrior said...

I'm glad I'm not the only one who posts on this topic. I think the issue is a lot bigger then just banning gambling.

They are banning OUR RIGHT to decide how to spend our own money. Damn politicians will do anything to increase their ratings and in mean time, we - americans are looksing last freedoms we have.

This will not be only a hit to industry - it's a hit to our god given right - spend my money the way I want to.

Thanks for article.

7:30 PM  

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