October 06, 2006

Online Gamling bill passed by Congress: Soon the government is going to pass a law that outlaws online gambling including poker and sports betting

posted by SDM to general at 02:59 PM - 7 comments

Barely sports related?

posted by jerseygirl at 03:56 PM on October 06, 2006

Here's the text of the relevant section. It is awaiting the President's signature. Still, no regulation will be enacted for 9 months.

posted by bperk at 04:04 PM on October 06, 2006

I guess there were not more important issues to tackle.

posted by igottheblues at 04:05 PM on October 06, 2006

Here's the text of the relevant section. According to that text, I think I could still bet on the coin flip, if it was done with an Indian head nickle. I think.

posted by tselson at 04:19 PM on October 06, 2006

Barely sports related? Definately not FPP worthy.

posted by Kendall at 07:48 PM on October 06, 2006

Cringely says its a ridiculous law that's nearly impossible to enforce. Further, it will just as likely aid terrorists since they'd benefit from software developed to get around this law. Another swell job by our legislative branch, so rushed that this amendment wasn't even included in the printed version of the bill distributed before the vote much less the subject of committee hearings, debate or serious consideration. I think its a reasonable FPP given how often we have threads that cover gambling (e.g. poker) as well as the business of sport.

posted by billsaysthis at 08:19 PM on October 06, 2006

Of course this is sports related, it just completely changed how millions will watch sports. I tried to reload my online account last week and was notified that my credit card was inactive. And I only do small parlays to make things interesting. The amazing part of this was the huge haircut all these gaming stocks took last week. Billions of dollars of lost market cap. Not only the gaming stocks either, but a lot of the "paypal" type of payment systems on the periphery also went into the tank.

posted by usfbull at 06:50 AM on October 11, 2006

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