The PPA and State lotteries and legislators

[LetsGambool]

I will book up to $5K of action at +120 that no Federal bill passes this year. PM me if interested.

I dont think its corruption or incompetence, but think nova is right. This is moving to the state level.

[permafrost]

Originally Posted by LetsGambool

I will book up to $5K of action at +120 that no Federal bill passes this year. PM me if interested.

I dont think its corruption or incompetence, but think nova is right. This is moving to the state level.

Tempting.

I hold out hope that Reid will push a simple, cheap bill that regulates state legal poker sites as to their interstate offerings (like for racing). I say that because I don't think "this" ever left the state level, and now that some states are taking a more serious look, that type of fed bill makes more sense. Why wouldn't Reid or another be successful?

[DonkeyQuixote]

Originally Posted by LetsGambool

I will book up to $5K of action at +120 that no Federal bill passes this year. PM me if interested.

I dont think its corruption or incompetence, but think nova is right. This is moving to the state level.

You need to be a little more specific, i.e

1 No Federal bill amending or creating laws to provide for expressly legal online poker federally or among one or more states, by compact and

2. December 31, 2012 as the cutoff for passage by both houses of Ccongress ?

You might be able to get that posted somewhere as a prop bet, ask Gambling 911. (It is NOT sports betting and there was a company from Chicago that recently sought CFTC permission to offer political prop bets.)

[DonkeyQuixote]

Originally Posted by permafrost

Tempting.

I hold out hope that Reid will push a simple, cheap bill that regulates state legal poker sites as to their interstate offerings (like for racing). I say that because I don't think "this" ever left the state level, and now that some states are taking a more serious look, that type of fed bill makes more sense. Why wouldn't Reid or another be successful?

2012 is an election year.

For starters, I do not see the House passing anything Harry Reid sponsors in the Senate. The bill will have to go in some other route than a stand-alone with Harry's name on it. If you take the "no bill" side of the proposition, then you can breath easy after February through the Elections.

If anything stands a chance of federal passage, it would be a simple "States' poker compact" bill coupled with a Wire Act death knell for unlicensed online poker/casinos.

Such a bill would effectively kick everything to the States level.

That is NOT what the AGA/casinos want federally however, as they hate mutliple state regulation and taxation ..... We will see if they settle for what they can get.

[LetsGambool]

Fair, specifics matter. I was responding to "something like the Barton bill" and meant something involving a Federal licensing scheme.

I would still book it under DQ's more expansive qualification at the same odds for less $$ ($3K) since I threw it out there without details.

[tamiller866]

High risk wager, you could be right and still lose. It's likely moving on a State level, but States will want something more permanent than a DOJ opinion on the Wire act, and possibly Congressional affirmation that they can make interstate compacts under federal lottery law.

If they slip in a couple amendment in the lameduck period after the elections and you end up losing while being correct.

[Schwatt]

With a few states trying to push legislation through at the state level, now is the time to pressure other lawmakers at the state level IMO.

You can point to the progress of other bills, expected revenue, etc, and most likely state lawmakers will take notice. "Hey these other states are pushing online poker through, we already have the lottery, lets add this and rake in even more to the state coffers."