And I said, how bout a revolution?
And he said right.
I say of, you say a
I say revolution, and you say die
I say of, you say a
I say revolution, and you say die dah dah
Day day oh!
(c)Bet or wager
(1)Means the staking or risking by any person of something of value upon the outcome of a contest of others, a sporting event, or a game subject to chance, upon an agreement or understanding that the person or another person will receive something of value in the event of a certain outcome;
(2)Includes the purchase of a chance or opportunity to win a lottery or other prize (which opportunity to win is predominantly subject to chance);
(3)Includes any scheme of a type described in 28 U.S.C. 3702;
(4)Includes any instructions or information pertaining to the establishment or movement of funds by the bettor or customer in, to, or from an account with the business of betting or wagering (which does not include the activities of a financial transaction provider, or any interactive computer service or telecommunications service);
Everyone focus is on this while ignoring the rest, a much more important section on what is not a bet or wager:
(b) Elements`(ix) participation in any fantasy or simulation sports game or educational game or contest in which (if the game or contest involves a team or teams) no fantasy or simulation sports team is based on the current membership of Plan- The security plan requiran actual team that is a member of an amateur or professional sports organization (as those terms are defined in section 3701 of title 28) and that meets the following conditions:
`(I) All prizes and awards offered to winning participants are established and made known to the participants in advance of the game or contest and their value is not determined subsection
(a) shall include by the following:
number of participants or the amount of any fees paid by those participants.
`(II) All winning outcomes reflect the relative knowledge and skill of the participants and are determined predominantly by accumulated statistical results of the performance of individuals (athletes in the case of sports events) in multiple real-world sporting or procedures at such airports.other events.
(III) No winning outcome is based on:
`(aa) on the score, point-spread, or any performance or performances of recommended security measuresany single real-world team teams; or
(bb) solely on any single performance of an individual athlete in any single real-world sporting or other event.
As one can see, there is a large area here not gambling, the task is getting poker to fit.
The regs defers in the last, sec. 7 to the Federal Trade Commission, so we look there.
There we find under the sweepstakes rules:
Skill Contests
There's one notable exception: skill contests. These are puzzles, games or other contests in which prizes are awarded based on skill, knowledge or talent - not on chance. Contestants might be required to write a jingle, solve a puzzle or answer questions correctly to win. Unlike sweepstakes, skillcontests may legallyrequire contestants to buy something or make a payment or donation to enter.
It's important to recognize that many consumers are deceptively lured into playing skill contests by easy initial questions or puzzles. Once they've sent their money and become "hooked," the questions get harder and the entry fees get steeper. Entrants in these contests rarely receive anything for their money and effort.
This may have been posted earlier, but my solution would to be a US online poker/SB site. I think the big issue is the huge out flux of money to foreign countries. Maybe just maybe would the government go for an American run site operating inside the US? Any thoughts?
This may have been posted earlier, but my solution would to be a US online poker/SB site. I think the big issue is the huge out flux of money to foreign countries. Maybe just maybe would the government go for an American run site operating inside the US? Any thoughts?
You want to run an online sportsbook based in the US? Yeah...that's not gonna work.
This may have been posted earlier, but my solution would to be a US online poker/SB site. I think the big issue is the huge out flux of money to foreign countries. Maybe just maybe would the government go for an American run site operating inside the US? Any thoughts?
If it was that simple and easy an issue it would have been done a decade ago..
You want to run an online sportsbook based in the US? Yeah...that's not gonna work.
Yes this may sound stupid and could be corrupt, but could a poker/SB site ever be ran by the government? It could use the rake to pay down debts and cover costs. I don't know the extent of cost of maintaining a site on that scale or magnitude, but the lottery is pretty much the same thing. Imagine the US providing scholarships for those who qualify for lottery and other such grants. I know it sounds crazy, but I am going to seriously look into the logistics to see if this is feasible.
Just skim some of the threads in here, there's lots of info related to this.
Is it theoretically possible this could ever happen, yes it happens in some countries, Sweden in particular I believe. Under current law, no.
I'll save you some time on the logistics of a opening an internet sportsbook on US soil. The logistics are some friendly Federal Agents will come to your house, charge you with violating the Wire Act, and throw you into prison.
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