http://abcnews.go.com/Technology/wireStory?id=2516033&page=2S Z said:Further interesting info on this: U.K. gambling firms like Party Poker and 888.com have really tanked on this news. At around 12:30 GMT they were down over 50% on their shares.
Unfortunately I wagered 70% and lost my shirt.
they already are located offshore, every one of them--the US does not allow gambling websites based in the US under the terms of the Wire Act.alexzed said:One word.
Offshore. Gambling. Web. Sites.
http://www.pokerplayersalliance.org/alerts/Analysis_of_Internet_Gambling_Prohibition_Act.pdfS Z said:Unfortunately, some deeply unwise pension plans in the UK included these types of shares in their portfolio. Just what Britain needed, another pensions hole.
neteller is what you're talking about, or firepayEvil Conservative Inc said:This is easy to get around. Offshore money.
An online gambling version of PayPal is going to be created offshore. Online gambling is going to be hosted offshore now. This law changes nothing except how the money is transfered. As usual, the law of unintended consequences kicks our congrescritters in the brown eye and nothing else changes.
any "offshore bank" that helped americans put money into a gambling site would face arrest were they ever to come to americaTalga Vasternich said:....and when the "offshore bank" decides it's done, all the people who put money into it see their money go *poof*.
That's going to be the problem to get around. I'm sure some enterprising feller with some of that thar intarwebs tubes learnin' stuff can figger sum'n out.dirkdig said:neteller is what you're talking about, or firepay
both seem to be denying service to US customers entirely (neteller already did so with the state of maryland)
That's why it's gambling:thumbsup:Talga said:....and when the "offshore bank" decides it's done, all the people who put money into it see their money go *poof*.