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Originally Posted by Dark Horse
Looks fine to me.
Aden, how would Actionbets relate to US bettors if the anti-internet gambling initiative became law?
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Haven't really heard it commented in the office. You see, regardless of what US says or does, we are still out of their jurisdiction.
As for the ban itself, in my personal opinion, this is just going to be another Napster-type of law. How many companies like Napster actually got busted? Only Napster did and as soon as Napster went down a hundred new companies came up. You can still download all your stuff free online. How may people who downloaded music illegaly get busted? Only a few high school teenagers that Pepsi ended up saving anyways by paying their ridiculous fines.
I feel this is what's going to happen with this law. The US government will bust a literal handful of people just to "make an example" and they will make sure the media over-blows it to scare you off. But trust me a $10 million per year budget is not even close to enough to monitor a couple hundred million people to see if they are betting online. Regulating online activity is just extremely expensive and extremely difficult. You're not going to manager it with $10 million.
IMO Business will go on as usual. I haven't heard a single person down here worrying about it. We don't even give it thought.