It really doesn't mean anything. Just having the law passed without being enforced has already done what the U.S. wanted. Scared many books out of the U.S. market and halted any money processors from doing any business with offshore books.
The feds have achieved as much as they really wanted. Disrupt the industry as much as they can without really having to enforce the laws on the banks, who said they can't handle it.
Bottom line, IMO, moving money to and from books will remain difficult. But it won't stop millions from still playing with the other, limited, options.
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Originally Posted by trumpdown
OK. Excuse my ignorance, but what is the big picture here? What does this all mean for US players eventually? Will European books open up to us once again if this gets repealed? Are European books waiting on this to get repealed? Can we assume within a year we will all be in the clear.
I think it is all ridiculous what we have to go through. All the hassle to try and place a bet. Having any book available at our disposal is such a huge benefit. I think many books take advantage of this law because they know we can't do shite about it and don't have the best options as Americans. ie: If it's an A+ book with big balances they have poor lines. If it's an exchange there are liquidity issues. Eurpoeans have the best of both world's.
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