Internet Gambling Funding Prevention Act

[chop-choi]

The U.S. Senate is set to vote on the Internet Gambling Prevention Act (S. 627) in September. If passed, this act will prohibit financial institutions from transferring funds to internet gamling sites. I hope the American readers of this forum will write their Senators, expressing their opposition to this act. If that is too much trouble, there is a website that has a form letter you can send. The site is called profreedom.com. I get an error message when I type the name into my browser. However, going to Captain Cooks Casino, and clickicking the link with the American flag will get you there.

[sw2003]

Originally Posted by chop-choi

The U.S. Senate is set to vote on the Internet Gambling Prevention Act (S. 627) in September. If passed, this act will prohibit financial institutions from transferring funds to internet gamling sites. I hope the American readers of this forum will write their Senators, expressing their opposition to this act. If that is too much trouble, there is a website that has a form letter you can send. The site is called profreedom.com. I get an error message when I type the name into my browser. However, going to Captain Cooks Casino, and clickicking the link with the American flag will get you there.

I thought that we couldn't use credit cards, bank accounts for depositing money into the casinos already. So how will that act do anything outside of what is already in place. Third party like NETeller, Click2pay are not located in the US and are therefore outside US jurisdiction. No?

[chop-choi]

How it works is, they will make a list of on-line gaming sites, and once a site is on the list, financial institutions won't be allowed to transact business with those sites. Neteller is not based in the U.S., and doesn't even have an office here (smart move), so they are beyond the law's jurisdictions. From what I read, it didn't seem like the law would prohibit U.S. banks from doing business with Neteller. But then again, whoever is responsible for making the list will probably realize that most people don't deposit their funds directly to the casinos, but use 3rd parties instead. I doubt that anyone would stop them from adding those 3rd parties to the list.
I emailed Neteller to inquire what implications the act, if passed into law, would have on my Neteller use, but they haven't responded yet. I'll post as soon as I get a reply.

[sw2003]

Originally Posted by chop-choi

How it works is, they will make a list of on-line gaming sites, and once a site is on the list, financial institutions won't be allowed to transact business with those sites. Neteller is not based in the U.S., and doesn't even have an office here (smart move), so they are beyond the law's jurisdictions. From what I read, it didn't seem like the law would prohibit U.S. banks from doing business with Neteller. But then again, whoever is responsible for making the list will probably realize that most people don't deposit their funds directly to the casinos, but use 3rd parties instead. I doubt that anyone would stop them from adding those 3rd parties to the list.
I emailed Neteller to inquire what implications the act, if passed into law, would have on my Neteller use, but they haven't responded yet. I'll post as soon as I get a reply.

They can't do much to NETeller or Click2pay since these two can be used for paying things other than gambling. If the government want to go overboard, they can forbid US banks from doing business with NETeller or Click2pay but this seems to be excessive and not a very good solution. If they do go down that road, this will be the end of online gambling in the US unless ..................... unless we all set up Swissbank accounts and pay our gambling habit from there. There is no way they can forbid US bank to foreign bank transactions since this is like cutting major arteries to the financial world body.

Oh god, I am devious!

[sandmanfromlv]

Getting a Swiss bank account isn't as easy as it seems though...believe me I have looked into it

[chop-choi]

It could also be that they intentionally made this law weak in order to reduce opposition, in hopes of amending it with a stronger version later. If the supporters of this bill asked for everything they wanted, they wouldn't likely get it. But, if they ask for just a little, then that doesn't work, they will have a much easier time getting a harsher law enacted.
Also, never underestimate the ability of the U.S. government to twist the language of a statute in order affectuate the desired result.

[Stanford]

Originally Posted by sw2003

They can't do much to NETeller or Click2pay since these two can be used for paying things other than gambling. If the government want to go overboard, they can forbid US banks from doing business with NETeller or Click2pay but this seems to be excessive and not a very good solution. If they do go down that road, this will be the end of online gambling in the US unless ..................... unless we all set up Swissbank accounts and pay our gambling habit from there. There is no way they can forbid US bank to foreign bank transactions since this is like cutting major arteries to the financial world body.

I am not sure what this means. Neteller has acccount in U.S. banks. Do they transfer from those accounts to Casinos? I don't know.

And ProcCyber has accounts in U.S. banks. Will they be forbidden to issuing checks to players?

Again, I am not sure. I am just watching right now. I think it prudent for voters to contact their Senators.

Stanford

[jpm]

Contact your senators, but do it by TELEPHONE. I've heard more than one interviewed on tv & radio who say that these form letters/faxes/emails just go right in the trash when they get them. They don't even read them. They pay much more attention to someone who calls directly.

[murder1]

Personally I hope they pass it. Maybe I can then sleep at night

[dominique]

The link to the place to register your complaint is http://www.profreedom.com/

This site is set up by PROFESSIONALS!

They handle the gathered complaints properly so each DOES get counted. This service is funded by a whole bunch of casinos of all descriptions and you can trust it to handle your complaint efficiently and so that it will make the greatest impact.

Of course, calling on the phone is always a great idea, and can be quite interesting.

They try to pass one law or another against online gaming every year. So far we have been able to deflect all of them, with www.profreedom.com playing a large role in it.

Please do spend the couple minutes it takes to register.