Banks Don't Like Idea Of Having To Pay For Crackdown On Online Gambling
from the wrong-focus dept
One of the problems with government regulations is that they don't exist in a vacuum; it's hard to implement something in isolation without causing unintended consequences. We've already seen this in the crackdown on online gambling, as the arrest of the BETonSPORTS CEO only served to keep industry executives from meeting in the US. Now banks are stepping up to oppose the anti-gambling measures before congress, citing a technical challenge in implementing a block on money transfers to gambling sites. The current system isn't designed to indicate what type of business is on the other end of the transfer, meaning a significant overhaul -- at the bank's expense -- would likely be required. Like issues of ISP liability for illegal activity done by their users, targeting banks places an undue burden on the wrong party. If the government insists on criminalizing voluntary online activity, then it should target the actual perpetrators, not companies that are ill-equipped to deal with the problem.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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...yeah... but...
I really wanted to use that to get the state controlled gambling institutions (Read: lotteries) shut down.. I really did..
Pooies.
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Legalize
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Re: Legalize
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Re: Re: Legalize
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I think this mostly comes down to the fact that the government doesn't like competition to their money racket...The Lottery.
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"oh, i lost my money on a flaky website... my bad, won't do that again"
sounds a lot better than the current
"oh, my kid took my credit card and lost it online... that's the online site's fault.. my govt should have protected me from that.."
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i've suggested taxing on many threads, however i have realized it's not that easy.
how would you tax company A located in the the united kingdom of go |= l_ l( |( 0l=l=. they don't have to follow US laws. and the US can't go after them, unless there is some extradition treaty, right? if someone could suggest a proper way to do this, i'd be for it.
however, i doubt there's a way to ensure that a site will NEVER be considered a gambling site.
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I'm curious though - would this include lottery sites or is that *not* gambling?
I'm glad I don't gamble at all - well, with money anyway. I'm pretty guaranteed to loose if I do anyway, lol.
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Surprise, Surprise
{
$article="Banks Don't Like to Pay For "+$hotbttnissue;
}
So this is news?
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Re: Surprise, Surprise
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but the bookies....
Even though this activity takes place in cyberspace, isn't it still illegal for these bookies?
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if i break a law in contry a, while me, and my servers are located in country b, where it is legal, am i really breaking the law?
i mean, you don't have to pay state sales tax for items purchases over the inet if you live in another state.
so...with that being said...it's like the grockster case. we don't host servers and what not of illegal music, we just wrote a program where people could share music. it's not our fault the users do illegal activities.
and no, id on't think loteries and horse betting will be deemed "evil" but that's only becuse the gov regulated them and get's a nice tax cut from them.
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Morality
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Re: Morality
the us is violating international free trade treaties when it does this- not just my opininion, but international courts have ruled.
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Hmm... Anyone want to be my Romanian business partner?
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Re:
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lotteries are not state gambling institutions
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Re: lotteries are not state gambling institutions
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Poker Ads
Just my $0.02
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Homeland Security?
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