What is the real reason as to why the US gov. bans online gaming etc?

new2betting · 02-05-2007, 09:59 PM

What is the real reason as to why the US gov't wants to ban all these online gaming/gambling/wagering activity?

While the UK plans to put-up the largest gambling center in Manchester....

bigboydan · 02-05-2007, 10:02 PM

My guess would be they want to regulate and launch online gaming themselves in the U.S.

onlòóker · 02-05-2007, 10:04 PM

They want to be able to regulate and tax it. I also think Las Vegas wants a hand in it. So we will just have to wait and see. Things are going to be interesting for sure.

doc · 02-05-2007, 10:04 PM

Taxes. Damn texas down 5...

Lucas · 02-05-2007, 11:34 PM

after they allow it and taxate you will not love it... like in my country: basic lines -125 plus 10%+ "manipulation fee"

louis · 02-06-2007, 12:09 AM

The real reason the US outlaws online gaming has to do with mistaken beliefs, and not much to do with taxes, in my opinion.

The mistaken beliefs include that online gaming can not be regulated to control access by minors. Another mistaken belief is that online gaming attracts money laundering and criminal elements. There is also a belief that online casinos will rip off American consumers, and they need to be protected from this "scam".

The truth of course is that just like prohibition, making it illegal simply attracts the criminal and rogue elements, and drives the honest and reputable organizations that don't want to break laws out of the market.

There is a philosophy amongst some in Congress that they can spend our money better than we can and that everything possible should be taxed, but I don't think this is the primary motivation at play here.

Seattle Slew · 02-06-2007, 12:10 AM

It will never be allowed in the US. Do you know how much legislation would be needed for something like that?

Quote:

Originally Posted by Lucas

after they allow it and taxate you will not love it... like in my country: basic lines -125 plus 10%+ "manipulation fee"

Lucas · 02-06-2007, 12:15 AM

for what?
such thievery taxes or gambling generally?

Seattle Slew · 02-06-2007, 12:38 AM

Open Las Vegas style gambling. Despite the taxes it would generate, can't see it every happening or even be considered. The fact they are going after it so hard indicates to me they would never consider legalizing it.

Quote:

Originally Posted by Lucas

for what?
such thievery taxes or gambling generally?

new2betting · 02-06-2007, 01:28 AM

Some think it has got to do with the over-printing of fiat currency (US dollars) on an unlimited basis.

The US government is just printing and printing and printing paper money that has nothing backing it up. Unlike the old days wherein paper money had real value because it was exchangeable for gold and silver.

It has something to do with CONTROL. Imagine, if China, India, Russia and the Middle East just simply do not want to use US dollars because it is backed-up by "thin air" (empty promises), what will happen now? The US dollar has been on a collapsing trend while Gold has been on an uptrend in terms of dollar value.

With all the US dollars going outside the US, people would simply (eventually) see that there is an over-supply, or limitless supply of US dollars which is being backed-up by un-ending debt.

This is simply a CONTROL of US dollars. Eventually, the books might not be accepting US dollars if the value of the dollar continues to collapse.

China, India, Russia and some Middle Eastern Countries are steering away (and unloading) the US dollar as their foreign reserve. They are moving to the Euro and Gold.

These offshore books are siphoning-off the US dollar supply even though it is limitless.

slacker00 · 02-06-2007, 03:06 AM

The U.S. gov't is stupid. First they start another Vietnam. Now they're just starting another "prohibition".

The U.S. waves the flag of democracy, as if that's the source of our world dominance. The U.S. domination probably has more to do with historic & geographic "luckiness". The U.S. barely has to worry about wars on the other side of the world. The U.S. can create all kinds of instability in the middle east because if it all goes wrong, who cares, it's a mess as far from us as possible. No wonder Europe hates us, we're stirring up a hornet's nest in their back yard, and if the bees swarm, we'll just hide under our safe bed way over in here in North America. Same thing with our natural resources. We've luckboxed into all kind of natural wealth that other countries just don't have. Look at China, they can't even feed their population with the amount of farmland that they have. The U.S. could feed the world several times over with their surplus farmland. That's just one example.

This same attitude will probably ruin the U.S. economically, though. There's no where to run and hide in a global economy, now. If the U.S. keeps being stupid about passing such anti-business laws, there will be no U.S. trade. Maybe I'm being overly simplistic, and I do realize there is quite a lot of complexity to such issues. It just seems that modern democracy, at least the U.S. version is really getting slow & stupid. Quicker & nimbler forms of gov't may be the new breed that can change & adapt better in a global economy. Still, the U.S. holds the same trump cards they've always had: land wealth & strategic wealth, just because they found the best piece of land on the planet, and killed the majority of people that were occupying it (but did give them mini-casinos to run). Maybe we should just do the same in Iraq, kill off 95% of the population, force the survivors onto "reservations", then 100 years later give them some minor casino rights and call it all square. Meanwhile, we'll just pump out all the oil, spread our own culture and race, occupy all the land, etc, etc. Humanity, take it or leave it.

jjgold · 02-06-2007, 06:04 AM

Vegas gambling execs got to the Senators and donated heavy cash to them so it passed

real easy

prettylucky · 02-06-2007, 11:35 AM

Harrahs & Sands online, and monopolizing thr US online gaming industry

bboots · 02-06-2007, 05:54 PM

Doesn't anybody read the newspapers????...Online gambling was banned because it is immorral...and America leads the way for decency.....but then again...why is online gambling on horses and lotteries considered moral???

new2betting · 02-06-2007, 06:05 PM

This is about control. The US gov't always had the notion that if they do not have control of something, it must be banned, destroyed or re-invented until they have the control.

They also love to dip their fingers into other people's businesses which in turn creates more enemies for them.

Why is it that the richest nations (in terms of natural resources and natural money like gold & silver), seem to be the poorest in the world?

The US lent them so much "play money" US dollars even though the US knew that they would not be able to pay it back on time. This is one way of control.

Milkin' it Slowly · 02-06-2007, 06:09 PM

It seems that the US is after sportsbooks... I think, at the very least online poker will be regulated within 2 years. Forget about sportbooks, which would take an act of congress to make ACCEPTING wagers legal. Unfortunately, there is some history leading to the fixing of games in the US most famously 1918 White Sox and the mid 70's Boston College point shaving scandal.To this day there are still scandals esp. in soccer., in countries outside the US. While theres a bright future for online poker, sportsbooking will have to stay underground. But I think its better that way...

new2betting · 02-06-2007, 06:19 PM

It is more likely "Control of Money" not not simply sportsbooks.

Poker etc will still need an online processor (the most convenient way). And why are they after Neteller? Neteller was also used for poker etc.

The US wants to control where your money goes....