Excellent feedback Xanadu but I really am not say no regulation, only limited regulation. I agree markets and business need to be held accountable to certain business standards and to do that there has to be bodies/branches of the Gov't that does this but in terms of online poker I suggest this is done state by state and it is a limited amount of control and influence in the Market.
- We the people of the State of Ohio put together Legislation allowing online poker to be completely legal in our State.
- We make a list of set rules and regulations that are fair and balanced that says any person or business can open a site in our State as long as they meet the requirements.(details of those requirements are also fair and balanced and when I have more time I will draft an initial idea for the list). The Ohio land based sites pay a set yearly license fee as well as standard corporate taxes as well as employees of that site following the same laws all workers in our state follow.
-Outside the US sites can apply for a license and be accepted on a year to year basis where they also will pay a fee(perhaps slightly higher than in state sites(details determined later as well) and they will agree to be completely transparent in terms of players winnings and losses so that Ohio citizens will pay a normal tax on winnings at years end. States that follow the same model will enjoy a multi-State/multi-international player pool which is good for everyone involved.
-All sites will also be required to pay a federal license fee yearly as well as an agreed upon tax based on the amount of business/traffic that they obtain from each State. DO NOT tell me that this is too difficult ! We live in an age of advanced communication and technology and these things would be very easy to set up.
-The entire thing would and should be complete public record and transparent for all the obvious and fair reasons.
This thing could be done and it could solve a lot of issues and it is very fair. It gives players a competitive arena to choose from many sites/options, it opens the market to allow competition to drive advancement and customer service which would also be good for the customer. It also would generate tax revenues at the State and Federal levels by Fees and corporate taxes from the sites as well as jobs created and income tax generated from winning players as well as stimulate the economies and generate new markets from advertising and partnerships that would be created. A new poker boom like no other would be created !
It is a solvable equation as I said before but not when there are the variables of big corporations and politicians want all the of it to themselves !
Originally Posted by LetsGambool
Uhhh, as much as I like playing a little poker online, Im not really ready to die for it. Sorry.
And it is not about poker, it is being willing to die if you have to in order to not allow these special self-serving interest groups, big corporations and Gov't to tell us what we can and cannot do with our money ! Which is exactly what is happening here..