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Push To End Online Gambling Ban Gains Steam 206

The Washington Post updates a story we discussed last spring about a push in the Democratic-controlled congress to legalize some forms of Internet gambling in the US. "Partly bankrolled by offshore gambling companies, the campaign has already persuaded the Obama administration to delay enforcement of a 2006 law cracking down on Internet wagers. ... The federal government, which rarely prosecutes online gambling, would net billions of dollars in tax and licensing revenue if it were legalized, proponents say. ... The outlook on Capitol Hill, however, is uncertain given a slate of unfinished business... [and] nervousness among Democrats about November midterm challenges. ... [A politically conservative poker player said] 'There's a part of the party that always believes this isn't something people should do. But I think it behooves the party to be a little more broad-minded on this issue.'"
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Push To End Online Gambling Ban Gains Steam

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  • by BadAnalogyGuy ( 945258 ) <> on Monday February 08, 2010 @09:29AM (#31059866)

    It's harder to regulate, and easier for people to get addicted and gamble away all their assets at home.

    This seems like a self-regulating feedback loop, actually.

  • by gazbo ( 517111 ) on Monday February 08, 2010 @09:38AM (#31059918)
    I'll put £10,000 on yes, and £50,000 on no, please.
  • Re:Behoove? (Score:5, Funny)

    by mcgrew ( 92797 ) * on Monday February 08, 2010 @09:54AM (#31060014) Homepage Journal

    But I think it behooves the party to be a little more broad-minded on this issue

    You need some more coffee, there's nothing whatever wrong with tha sentence, except maybe the dash between "broad" and "minded".

    I'm broad-minded; my mind is always on broads.

  • by argent ( 18001 ) <peter.slashdot@2006@taronga@com> on Monday February 08, 2010 @10:13AM (#31060192) Homepage Journal

    What the Hell is Valve thinking...

    Oh, what?


  • by mcgrew ( 92797 ) * on Monday February 08, 2010 @10:35AM (#31060356) Homepage Journal

    NOONE forced you to bet the money, you did it.

    Dude, Peter Noone is SO going to sue you for slander!

  • by astar ( 203020 ) <> on Monday February 08, 2010 @12:39PM (#31061588) Homepage

    Degenerate Barney Frank Champions Push for Internet Gambling

    February 8, 2010 (LPAC)—American statesman Lyndon LaRouche characterized Rep. Barney Frank (D-Mass.) as "a degenerate," yesterday, upon being briefed that Frank will try to ram through the legalization of Internet gambling for poker, and thereby thwart a law enacted in 2006. The Unlawful Internet Gambling Enforcement Act of 2006 bars U.S. banks from accepting payments to settle online wagers. The bill was to go into effect Dec. 1, but Tim Geithner's Treasury and Ben Bernanke's Federal Reserve gave the gambling/money laundering interests a six-month delay, to facilitate its repeal.

    Barney Frank, a champion of legalizing Internet gambling and marijuana, who also championed the bailout of predator financial institutions as Chairman of the House Financial Services Committee, is opposed for the Democratic nomination in 2010 by LaRouche Youth Movement representative, Rachel Brown.

    This dirty deal for a six-month postponement of the enacted law has been masterminded by Frank, Bernanke, Geithner, and the Poker Players Alliance, funded by the Interactive Gaming Council based in Canada. Sen. John Kyl (R-Ariz.) is so incensed that he has put a hold on the most recent six nominees for Treasury Department positions. Supporters include has-been Sen. Alphonse D'Amato (rumored to be close to the mob), and former Rep. Richard Gephardt, who now lobbies for PokerStars.

    Frank has taken $100,000 in contributions from gambling interests since 2007. In summer 2009, Frank opened the World Series of Poker in Las Vegas, and then took in $50,000 at a fundraiser hosted by the Poker Alliance.

    The Justice Department has viewed all online gambling as illegal under a 1961 law aimed at mob bookies using telephone lines, but only a handful of Internet betting operations have ever been prosecuted. The gambling firms operate from Antigua, Malta, the Isle of Man, and other "Dope, Inc." sanctuaries.

    Frank's bill to legalize internet gambling is scheduled for markup in the next few weeks. Rep. Jim McDermott (D-Wash.), in a replay of the sick rationale used for drug legalization, has a companion bill that would levy a 2 percent tax on gambling deposits. The Ranking Republican on Frank's committee, Rep. Spencer Bachus (R-Ala.) is strongly opposed.


God helps them that themselves. -- Benjamin Franklin, "Poor Richard's Almanac"