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American online poker legalisation bill - good luck yanks

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  1. 06-18-2011 08:58 PM #1
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    Default American online poker legalisation bill - good luck yanks

    Bill to legalize online poker could be introduced next week - The Hill's Hillicon Valley
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  2. 06-18-2011 11:15 PM #2
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  3. 06-19-2011 01:40 AM #3
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    Quote Originally Posted by L_Clan_Sup3rMaN View Post
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  4. 06-19-2011 02:21 AM #4
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  5. 06-19-2011 03:49 AM #5
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    am def not holding my breath

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  6. 06-19-2011 03:58 AM #6
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    not exactly a flip imo, but gl.
    Bigger suckouts have happened.
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  7. 06-20-2011 01:36 AM #7
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  8. 06-20-2011 01:47 AM #8
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    Quote Originally Posted by oskar View Post
    not exactly a flip imo, but gl.
    Bigger suckouts have happened.
    actually I think the odds of something getting passed is fairly high, the problem will be the stipulations, restrictions, etc...They aren't going to be nearly as player friendly as in the past and certainly won't be rewarding sites like PokerStars. I wish they could somehow use the PokerStars model in terms of creating legislation and laws for regulation but I don't think we'll get that lucky.
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  9. 06-20-2011 02:10 AM #9
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    doubt it, I guess like >2 years before we see anything at a federal level
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  10. 06-20-2011 10:02 AM #10
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    Agree w/lolzzz but I think it's huge huge that Bachus hasn't poo pooed it right away.
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  11. 06-21-2011 12:29 AM #11
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    I don't get it - if the feds really want to legalize it - all they need to do is require the sites to register in the US and send an IRS 1099 to each account holder for any winnings for the calendar year, just like any other non-wage payer has to do here.

    It shouldn't be all that hard for the sites to come up with a way to report ring + tourney winnings less deposits, transfers in, etc to come up with a net number to report once a year. If someone wants to claim losses, they would have to itemize just like any live gambling losses. Pretty simple imo.
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  12. 06-21-2011 03:00 AM #12
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    well, "the fed" is not one entity... the bill being presented to congress is how we find out if "the fed" wants to legalize online poker.
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  13. 06-24-2011 05:54 PM #13
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    Here's the link for the full text as introduced:

    http://www.subjectpoker.com/files/ba..._june_2011.pdf
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  14. 06-24-2011 07:55 PM #14
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    i didn't see a thread on this here, but cliffs from 2+2 - Cliffs: HR 2366, the Online Poker Act of 2011 - Poker Legislation - Poker and Gambling Laws
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  15. 06-25-2011 12:17 AM #15
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    From reading the cliffs earlier today, it appears that this bill will allow the B&M's a monopoly on the US market for at least the first two years.

    IMO, I would imagine that, if passed, it will be heatedly debated in arbitration at the WTO.
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  16. 06-25-2011 01:03 AM #16
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    Quote Originally Posted by Shotglass View Post
    From reading the cliffs earlier today, it appears that this bill will allow the B&M's a monopoly on the US market for at least the first two years.

    IMO, I would imagine that, if passed, it will be heatedly debated in arbitration at the WTO.
    Psht...monopolies are basically legal here in 'merica.

    Also, there are plenty of casino corporations that would do a fine job at keeping an online poker room. In the same way PokerStars and FTP were the two big players in the past era, Harrah's and MGM will be the two big players of the next era. I'm not worried, just get the fucking thing passed imo.
    That's how winners play; we convince the other guy he's making all the right moves.
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  17. 06-25-2011 08:52 AM #17
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    Quote Originally Posted by BooG690 View Post
    I'm not worried, just get the fucking thing passed imo.
    agreed.

    Looking forward to skinning some fish on wsop.com when it goes to real $$$
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  18. 06-25-2011 12:30 PM #18
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  19. 06-26-2011 02:02 PM #19
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    In case anyone is interested, here is a link to track progress of this bill:
    H.R. 2366: To establish a program for State licensing of Internet poker, and for other purposes (GovTrack.us)

    I recommend strongly that we all contact our representatives to voice our support for this bill.
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  20. 06-26-2011 02:13 PM #20
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    Here's Rep. Barton speaking at the WSOP about the bill. He's hoping for finalizing it before August of next year.

    WSOP 2011: Rep. Joe Barton | PokerNews
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  21. 06-26-2011 02:13 PM #21
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    Barton says best case scenario is it's passed in 2 weeks, realistically it's passed within a year

    he seems ridiculously confident but of course he was speaking to a room full of poker players at the WSOP
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  22. 06-26-2011 02:18 PM #22
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    I agree to a point.

    I would imagine that the big name B&M's have been throwing a ton of $$$ to get this thing moving (why else would they get a monopoly for the first 2 years) and aren't about to fumble on the 1 yd line.

    We may see congress act relatively quickly, but then again, I may win this year's main event without ever leaving Houston.
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