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Old 03-14-2018, 03:41 AM   #126
lagtight
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Re: The thread with the Sweepstakes debate

Just for the record, I operate under the assumption that Global might shut down tomorrow. I urge players to not deposit more money on any poker site than they can't afford to lose. If losing all your hard-earned monies tomorrow will create great anxiety for you, then please don't play online poker anywhere.
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Old 03-14-2018, 04:16 AM   #127
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Re: The thread with the Sweepstakes debate

Quote:
Originally Posted by BuzzKill_McGee View Post
By your logic, a drug dealer isn't violating the law until caught and charged AND found guilty. Genius.
Well, if somebody is selling drugs in broad daylight in front of the cops, and the cops don't haul the dealer off to jail, then either the cops are corrupt or ignorant of the law.

Global has been around for at least 15 months, and to the best of my knowledge no state AG has hauled Global into court up to this point.

Also, I'm not sure the GP situation is as clear-cut as dealing drugs. The GP situation is probably far more nuanced than that.

I personally don't think that I'm a genius, but thanks for the compliment anyway.
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Old 03-14-2018, 09:42 AM   #128
a dewd
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Re: The thread with the Sweepstakes debate

Quote:
Originally Posted by BuzzKill_McGee View Post
https://www.irs.gov/forms-pubs/about-form-1099misc

Yes they do have to send out 1099s. You do not get to skirt American law because you are a foreign company. You keep listening to everyone but the government.
Very nice, another link to peripherially mention the issue. Where in that link does it discuss the issuance of 1099s by foreign companies? I can save you the time, it doesn't. In fact, according to the IRS, there is no clear cut ruling, as of yet, on the topic. It is widely open to interpretation which may or may not be correct in the near future. As of now, much of the requirement is where the work/participation took place. The tax payer's location is not assurance of whether or not the foreign company has to file 1099s.

Since you proclaim to be studying law, here is an idea. Why not ask someone that practices law? If you are a student, use your student email address and send an email off to Adam Solomon. Tell him you are doing a mock-up study for class and would like to know how they handle the laws brought forth by individual states as pertaining to nationwide sweepstakes. Since lawyers love to express their knowledge, you do too minus accuracy, he may have one of his paralegals send you off a detailed explanation.

As far as the prospectus goes, you have done well in demonstrating your inexperience with them. That is a risk factor. They are to address all known and unknown issues that may or may not arise that could impact the ongoing operations as discussed. In other words, something could change and that would prevent them from participating as discussed. You can contact any Series 7 licensed broker and ask if that is a standard clause, or something similar.

If an employer hires cashiers in Pa, NY, Wa, and Ca, federal law dictates that they must pay a minimum wage of $X.XX, but wait, there's more.... Those companies would have to pay the state minimum wage if higher than that of the federal one. Facebook accepts advertisements that are legal in the area they are targeting, hence no off-shore casino ads everywhere. PayPal, adheres to the federal banking laws AND those more stringent ones inside of states, if applicable. The fact that you are not aware of simple things like the banks liability to violate UIGEA shows your vast understanding of things.

So, draft an email and ask someone that actually knows what they are talking about. The worst case scenario is you learn something. If you do, which is highly unlikely, you will learn that they use the catch-all phraseology of 'where allowed by law'. That is not an 'ah-ha' moment, so stay calm. That is to cover their liability in case laws have changed or were missed. That is common verbiage in all sweepstakes, lotteries, etc....

While you are at it, re consideration, you can dictate to Adam the consideration received by Global when they hold a trivia contest online and award three randomly picked correct answers 50 $weepsCash the minimum withdrawal. They will want to change their T&C quickly after you point out their oversight.

We used to giveaway iPods and iPads on Twitter for a marketing company we have. All someone had to do was retweet and follow. Month two we were contacted by the NYS Ags office with a myriad of questions and proof of audit to prove we were doing a legal sweepstakes....the second month. They found us less than 60 days and we had no advertising. We agreed to stop after 5 giveaways because they were too much of a pain in the ass. Global advertises on one of the biggest websites and uses the largest online bank, yet no attorney general offices have picked up on them in over a year....sure.

Sorry to tax you with too many links. They were not intended to stress but offer explanations and facts. Your conflation with the Michigan internet cafes is off due to not understanding what makes Global a sweepstakes and how it applies. There is certainly the potential for future legislation to stop Global from operating here. The fact that nothing has even been mentioned suggests that it is highly unlikely. Schneideman quickly issued a stop order in re to Draft Kings but lost in court when it was determined he had no clue wtf he was talking about. His main argument was that it was gambling and not a game of skill. Basically, once that was presented, Draft Kings, et al, continued operations.

I do not profess to know the law, unlike you somehow, but I do possess a signed legal opinion by someone that actually practices law that would have allowed us to seek investment in VGW, though. Since you are studying law, surely you know the value of a signed legal opinion.

Even after mentioning my reason for finding the information out, there is always someone fresh off the short bus to ignore everything. Global 'fan-boy', how old are you? Posting memes, trolling with zero value, etc... at least you can hide behind your name and not embarrass your family line with such immature nonsense. How is this for more 'fan-boy' stuff. I rarely play on the site anymore and do not see that changing. I was discussing two things with Global, one re marketing and the other a solution/option to something that had been discussed. I got tired of chasing the individual down after the ease of communication disappeared. Excuses of travel, being busy, etc... are lame and I know longer have any desire to pursue either of those things. Both were offered for free and would now take a lot of upfront money to renew my interest. It's not a fanboy thing Einstein, I am a fan of facts and logic. Jesus, you post memes like some 14 year old snickering behind a keyboard, grow the **** up. Your extra chromosome is not an asset.
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Old 03-14-2018, 01:15 PM   #129
BuzzKill_McGee
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Re: The thread with the Sweepstakes debate

"A minority of states, however, apply the view that any benefit to the promoter is consideration."

It doesn't matter if they give away sweeps cash by trivia. It doesn't change the fact that they are running a sweepstakes for financial gain. It is not to promote a food or beverage, it is to promote their for profit sweepstakes poker game.

And just because they have been open more than a year means nothing. It sometimes takes over a year to build a case. It depends when the AG on the case got the info.

You can type 1000 more words and you still cannot come up with government sources. That is all I have done. Good day, shill.
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Old 03-16-2018, 05:43 PM   #130
LOL Bro
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Re: The thread with the Sweepstakes debate

sweepstakes sports betting yall.
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Old 03-16-2018, 08:35 PM   #131
lagtight
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Re: The thread with the Sweepstakes debate

Quote:
Originally Posted by BuzzKill_McGee View Post
And just because they have been open more than a year means nothing. It sometimes takes over a year to build a case. It depends when the AG on the case got the info
.
There are several possible scenarios that could be playing out playing out and as speak:

1. One or more AG's are currently building a case against GP.

2. One of more AG's have investigated GP to see if they are in fact violating their states laws, and have decided that GP is not in fact violating their state laws.

3. No AG can be bothered with GP because they have bigger fish to fry.

Until an AG actually prosecutes GP with something, I'm not sure that our speculating has much more than entertainment value at this point.
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Old 03-16-2018, 08:38 PM   #132
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Re: The thread with the Sweepstakes debate

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Originally Posted by BuzzKill_McGee View Post
And just because they have been open more than a year means nothing. It sometimes takes over a year to build a case. It depends when the AG on the case got the info.
+1. Which is (one reason) why your drug dealer analogy doesn't work.
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Old 03-21-2018, 12:22 AM   #133
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Re: The thread with the Sweepstakes debate

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Originally Posted by BuzzKill_McGee View Post
By your logic, a drug dealer isn't violating the law until caught and charged AND found guilty. Genius.
No. Not at all.
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