House Financial Services Committee Markup on HR 2267 (passes 41-22) - Page 5 - Poker News

Two Plus Two Forums Poker News & Discussion News, Views, and Gossip

House Financial Services Committee Markup on HR 2267 (passes 41-22)

Post Reply Subscribe

...

Page 5 of 18

First

1 2 3 4 5 6 7 8 9 10 15

Last

Page 5 of 18

First

1 2 3 4 5 6 7 8 9 10 15

Last

07-28-2010 , 12:02 PM

#101

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

If it means PokerStars.us, FullTiltPoker.us, etc. then it would affect Europe/rest of world.

Quote

07-28-2010 , 12:06 PM

#102

dblgutted

adept

Join Date: May 2008 Posts: 731

Seriously, who says broadcasted? Apparently its a legitimate way to spell broadcast, but its tilting. I casted my fishing lure out yesterday...

Quote

07-28-2010 , 12:13 PM

#103

kmd107

old hand

Join Date: Sep 2009 Posts: 1,250

Quote:

Originally Posted by dblgutted

Seriously, who says broadcasted? Apparently its a legitimate way to spell broadcast, but its tilting. I casted my fishing lure out yesterday...

Did you catched anything?

Quote

07-28-2010 , 12:14 PM

#104

dblgutted

adept

Join Date: May 2008 Posts: 731

back up

Quote

07-28-2010 , 12:15 PM

#105

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

Amendment #7 by Campbell of CA:

Admininstration and enforcement of gambling authority
Consumer protection of gambling authority

States/tribes to have parallel authority

Requires ALL facilities of licensees that operate/accept wagers be located in the US

Owners/managers must meet licensing requirements

Treasury identify legal and illegal gambling sites so banking authorities can prohibit financial transactions

Must be 21 to gamble online

Verifying age and location of gamblers

Odds of winning must be posted online

Loss limits

Customer can choose RNG (?)

Feasibility study on gamblers who are impaired

Last edited by Kevmath; 07-28-2010 at 12:26 PM.

Quote

07-28-2010 , 12:17 PM

#106

tygrayfox

enthusiast

Join Date: Mar 2008 Posts: 64

What we all need to remember is that the whole thing is about the Benjamins. The Feds want the revenue $ from internet poker and therefore will try to keep it all in the United States IMO.

Quote

07-28-2010 , 12:21 PM

#107

kfs

adept

Join Date: Mar 2009 Posts: 1,084

Ummm, amendment proposed to allow the customer to choose which RNG they wish to use. Interesting.

Quote

07-28-2010 , 12:21 PM

#108

dblgutted

adept

Join Date: May 2008 Posts: 731

Kevmath: "ALL" facilities must be in US (eg not just a pokerstars US office, but every pokerstars facility must be in US)

Quote

07-28-2010 , 12:21 PM

#109

kmd107

old hand

Join Date: Sep 2009 Posts: 1,250

Quote:

Originally Posted by Kevmath

Amendment #7 by Campbell of CA:

Admininstration and enforcement of gambling authority
Consumer protection of gambling authority

States/tribes to have parallel authority

Requires facilities that operate/accept wagers be located in the US

Owners/managers must meet licensing requirements

Treasury identify legal and illegal gambling sites so banking authorities can prohibit financial transactions

Must be 21 to gamble online

Verifying age and location of gamblers

Odds of winning must be posted online

Loss limits

Customer can choose RNG (?)

Feasibility study on gamblers who are impaired

Loss limits is interesting.

Quote

07-28-2010 , 12:24 PM

#110

THE F DO

grinder

Join Date: Dec 2008 Posts: 408

What does "odds of winning must be posted online" mean? I can understand for something like slots or w/e, but how can you even quantify that in poker?

Quote

07-28-2010 , 12:25 PM

#111

dblgutted

adept

Join Date: May 2008 Posts: 731

Quote:

Originally Posted by THE F DO

What does "odds of winning must be posted online" mean? I can understand for something like slots or w/e, but how can you even quantify that in poker?

for house games...

Quote

07-28-2010 , 12:25 PM

#112

dfbuzzbeater

old hand

Join Date: Jan 2005 Posts: 1,510

Bachus essentially says you could chip dump online to "launder money". You can do that in a live casino too..........

Quote

07-28-2010 , 12:26 PM

#113

Todd Terry

Carpal \'Tunnel

Join Date: Apr 2006 Posts: 16,301

Wow 45 state Attorneys General are opposing the bill, is that correct?

Quote

07-28-2010 , 12:27 PM

#114

dblgutted

adept

Join Date: May 2008 Posts: 731

holy **** that passed?!

Quote

07-28-2010 , 12:28 PM

#115

Pro Merc

adept

Join Date: Apr 2008 Posts: 1,014

Quote:

Originally Posted by dblgutted

holy **** that passed?!

lol something did, what exactly was it? I literally just joined the stream

and a 2nd thing just passed..?

whats happening

Edit: lmao at this lady not knowing what amendment it is

Quote

07-28-2010 , 12:28 PM

#116

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

Campbell amendment passes by voice vote

Amendment #8, by Sherman of California:

Gives states one full general legislative session to opt out, instead of 90 days.

Passes by voice vote

Amendment #9 by Bachmann of Minnesota:

Revokes license of Internet sites who advertise towards minors

Passes by voice vote

Quote

07-28-2010 , 12:30 PM

#117

CanuckG

adept

Join Date: Jun 2008 Posts: 788

21 to gamble online wat?

Quote

07-28-2010 , 12:30 PM

#118

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

What's going on? Can some of the less lazy among us explain?

Quote

07-28-2010 , 12:32 PM

#119

dfbuzzbeater

old hand

Join Date: Jan 2005 Posts: 1,510

Woo hoo Melissa Bean! I voted for her....she better not piss me off....

Quote

07-28-2010 , 12:32 PM

#120

dblgutted

adept

Join Date: May 2008 Posts: 731

Quote:

Originally Posted by Pro Merc

lol something did, what exactly was it? I literally just joined the stream

and a 2nd thing just passed..?

whats happening

Edit: lmao at this lady not knowing what amendment it is

Amendment 7 -- had a whole ****-ton of restrictions, many of them wholly unrealistic

Quote

07-28-2010 , 12:32 PM

#121

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

Amendment #10 by Bean of Illinois

Requires Treasury to constantly measure compliance of Internet sites, sanctions fines and revoking license if minors are found to gamble online (Under 21).

Currently voting on amendments to HR 2267, when all amendments are discussed, there will be some roll call votes on a couple of amendments (states can opt-in to Internet gambling), then a roll call vote of the bill itself.