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| Poker Legislation Discussions of various laws (mostly state) that government uses to regulate gambling and poker, and what players can do to get better laws passed. |
10-27-2009, 01:11 PM
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#16
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adept
Join Date: Jan 2006
Posts: 860
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Re: December 1st--my opinion
Quote:
Originally Posted by kevstreet
OP I really hope you are right.
That said, my friend received an email from Key Bank (about 2 weeks ago) explaining that starting December 1st they will no longer be processing transactions that have anything to do w/ online poker.
I'm not sure what this really means. Is it something that Key Bank did just to go through the motions or will they actually be taking greater measures come Dec 1st?
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My G F's Bank sent out a notice that starting 11-09 they will no longer allow payments to 'gambling sites' and they used the UIGEA as a reference. The fish will have a harder time depositing. I know my G F has said she WILL NOT jump through hoops to play Poker on line. She does not want to risk losing her checking account, period. And,no, she is not interested in opening a new one, she is very happy where she is. So, it seems we might lose a number of fish come 12-01. Time will tell.
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10-27-2009, 01:59 PM
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#17
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journeyman
Join Date: Sep 2009
Location: Illinois
Posts: 301
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Re: December 1st--my opinion
If worse comes to worse, can't the banks just issue cashier's checks that can be cashed at any check cashing place?
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10-27-2009, 03:03 PM
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#18
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veteran
Join Date: Jul 2006
Posts: 3,212
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Re: December 1st--my opinion
Quote:
Originally Posted by proogs1
If worse comes to worse, can't the banks just issue cashier's checks that can be cashed at any check cashing place?
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Huh? Who's bank for what purpose? A cashiers check in general terms is no different than any other check *except* you can generally be more it won't be returned due to insufficient funds.
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10-27-2009, 04:57 PM
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#19
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adept
Join Date: May 2009
Location: John Pappas' and Rich Muny's#1 Fan
Posts: 710
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Re: December 1st--my opinion
Quote:
Originally Posted by poorolrich
My G F's Bank sent out a notice that starting 11-09 they will no longer allow payments to 'gambling sites' and they used the UIGEA as a reference. The fish will have a harder time depositing. I know my G F has said she WILL NOT jump through hoops to play Poker on line. She does not want to risk losing her checking account, period. And,no, she is not interested in opening a new one, she is very happy where she is. So, it seems we might lose a number of fish come 12-01. Time will tell.
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lol, priceless... callign your GF a fish
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10-27-2009, 07:23 PM
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#20
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veteran
Join Date: Dec 2005
Posts: 2,304
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Re: December 1st--my opinion
Quote:
Originally Posted by Overdrive
Yeah. Like Party Poker would never leave the US market and lose all that money right? Keep dreaming. It's over for online poker in american unless something is done.
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Party was a publicly traded company...this is why they left the US market AFAIK.
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10-27-2009, 07:36 PM
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#21
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shaundeeb's #1 fan
Join Date: Dec 2003
Location: Las Vegas
Posts: 10,266
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Re: December 1st--my opinion
Quote:
Originally Posted by Overdrive
Yeah. Like Party Poker would never leave the US market and lose all that money right? Keep dreaming. It's over for online poker in american unless something is done.
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i see you repeating this crap constantly. do you really think you have a positive effect on anything?
you might be right, but just because u keep repeating it over and over on here isn't going to inspire the masses to rise up.
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10-27-2009, 08:57 PM
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#22
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grinder
Join Date: May 2009
Location: wny
Posts: 695
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Re: December 1st--my opinion
well the little money banks make from poker sites is not worth the size of fines / seizure and the penalties the DOJ will throw at them after 11-31-09
so on 12-1-09 they will comply with all regulations from the us government.
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10-27-2009, 09:18 PM
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#23
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enthusiast
Join Date: Mar 2009
Posts: 82
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Re: December 1st--my opinion
can we just get some pics of ppl running from an exploding building or something? i would like to see that
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10-27-2009, 09:55 PM
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#24
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adept
Join Date: Jan 2006
Posts: 860
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Re: December 1st--my opinion
Quote:
Originally Posted by Distajo
lol, priceless... callign your GF a fish
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She is a fish and she admits it!!!! It didn't bother her losing what she did she just played for the hell of it. Not anymore. If this happens to too many then there will be a problem.
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10-27-2009, 11:11 PM
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#25
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stranger
Join Date: Oct 2009
Posts: 4
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Re: December 1st--my opinion
Alright guys...
I read the bill. I don't see how this affects us as poker players at all really? The only thing is that it might become harder to deposit with a credit card.
But if you use ACH's to deposit you should have no problem. I suspect for a long, long time you won't have a problem depositing with your credit card either.. maybe never.
Basically the only thing this bill does, honestly, is puts regulation on Bank's to ensure they are not opening accounts for unlawful commercial accounts related to online gamling.
As far as I know most of us have individual accounts do we not? If you don't, get one, simple. I do recommend small community Bank's as well.... especially ones with small or no audit departments.
I work at a Bank with a small audit department, including myself there is only 3 people working in the audit department, and really........... just after reading the bill I am not worried at all. Oh, and I can also say that most Bank's in town do not even have an internal audit department... and a small community credit union? No way.
It would suck losing the credit card as a deposit method, but there is ways around that too. Not worried.
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10-27-2009, 11:46 PM
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#26
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Pooh-Bah
Join Date: Jan 2007
Posts: 3,948
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Re: December 1st--my opinion
Quote:
Originally Posted by thepimpinator
Alright guys...
But if you use ACH's to deposit you should have no problem. I suspect for a long, long time you won't have a problem depositing with your credit card either.. maybe never.
Basically the only thing this bill does, honestly, is puts regulation on Bank's to ensure they are not opening accounts for unlawful commercial accounts related to online gamling.
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Soooo....I think I see a problem.
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10-28-2009, 12:24 AM
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#27
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stranger
Join Date: Oct 2009
Posts: 4
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Re: December 1st--my opinion
Quote:
Originally Posted by LetsGambool
Soooo....I think I see a problem.
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So you are saying you manage an online poker website then?
For the regular player who just enjoys playing online poker this shouldn't affect them besides in the ways I mentioned before.
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10-28-2009, 12:28 AM
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#28
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veteran
Join Date: Jun 2006
Location: Missouri
Posts: 2,479
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Re: December 1st--my opinion
Quote:
Originally Posted by thepimpinator
Alright guys...
I read the bill. I don't see how this affects us as poker players at all really? The only thing is that it might become harder to deposit with a credit card.
But if you use ACH's to deposit you should have no problem. I suspect for a long, long time you won't have a problem depositing with your credit card either.. maybe never.
Basically the only thing this bill does, honestly, is puts regulation on Bank's to ensure they are not opening accounts for unlawful commercial accounts related to online gamling.
As far as I know most of us have individual accounts do we not? If you don't, get one, simple. I do recommend small community Bank's as well.... especially ones with small or no audit departments.
I work at a Bank with a small audit department, including myself there is only 3 people working in the audit department, and really........... just after reading the bill I am not worried at all. Oh, and I can also say that most Bank's in town do not even have an internal audit department... and a small community credit union? No way.
It would suck losing the credit card as a deposit method, but there is ways around that too. Not worried.
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The poker sites are using foreign credit card processors to get around the coding system. How is your small bank, or any bank, going to know about credit card transactions that are coded as merchandise purchases but are really deposits to online poker sites?
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10-28-2009, 12:48 AM
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#29
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Pooh-Bah
Join Date: Jan 2007
Posts: 3,948
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Re: December 1st--my opinion
Quote:
Originally Posted by thepimpinator
So you are saying you manage an online poker website then?
For the regular player who just enjoys playing online poker this shouldn't affect them besides in the ways I mentioned before.
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Can't wait to see how ACH's get paid out of non-existent accounts.
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10-28-2009, 12:39 PM
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#30
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veteran
Join Date: Sep 2007
Location: Saving Threads
Posts: 2,058
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Re: December 1st--my opinion
You have to keep in mind that with third party processors it will be nearly impossible to enforce these rules 100%. There will always be a third party processor, foreign or domestic, that will want to get their piece of the pie when dealing with deposits and cashouts. I'm not saying it won't get more difficult, but the prospect of it becoming impossible to deposit is just outlandish.
The more difficult it gets the fewer fish, the less money in the pool and an increase of reg on reg violence. I hope it's just another law that's more for show rather than for action. If not, we may actually see live poker becoming tougher in a casino, what madness.
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