Not Many Folks Pleased About US Paying Off EU, Japan And Canada Over Online Gambling
from the who-does-this-help? dept
On Tuesday, we wrote about how the US was paying off the EU, Japan and Canada over a trade dispute around online gambling. The real point was to get these three to back off from putting pressure on the US to abide by free trade agreements, which effectively required the US to allow online gambling as long as it was hosted in other countries. It's quite a shame that these countries basically accepted money to let the US get out of agreements it had made -- and many are beginning to point out how ridiculous the whole situation is, and how it's likely to harm future US trade agreements around the world. All for the sake of preventing people from being able to play a little online poker.Related to this, bankers and bank lobbyists are trying to explain to US politicians that upcoming rules concerning online gambling are impossible to abide by. As you may recall, back in October, the US approved new legislation that would put the liability on banks to prevent money from being used for online gambling. Beyond the ridiculousness of trying to stop people from gambling online if they choose to do so, this particular law means that banks need to figure out what money is being used for online gambling and try to prevent such uses. How? Politicians don't bother to go that far. Meanwhile, I hear that the gov't continues to make good money from state lotteries...
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.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Filed Under: antigua, canada, eu, japan, online gambling, wto
Reader Comments
Subscribe: RSS
View by: Time | Thread
Any Financial Institutions
I play online poker and will never worry about finding a game or getting money to or from the website. They can't stop it.
The U.S. has shown that it considers the WTO a joke and will not abide by it's decisions. It's embarrassing to be an American when our politicians ignore the world organizations it has decided to join, reneges when they sign a resolution and all because of behind the scenes payoffs involving the Horse Racing Industry and worry of losing lottery money.
[ link to this | view in thread ]
Online Gambling
And the US is paying the rest of the world on top? Doesn't seem like good economics to me, let alone politics.
[ link to this | view in thread ]
Re: Online Gambling
[ link to this | view in thread ]
Re: Re: Online Gambling
[ link to this | view in thread ]
Re: Re: Re: Online Gambling
http://observer.guardian.co.uk/business/story/0,6903,900867,00.html
[ link to this | view in thread ]
Well how hypocriical...
Quite happy to take vast quantities of money from 3rd world countries who borrowed from the US, have paid back more than they borrowed and still owe more than they borrowed, thanks to compound interest.
But OH DEAR this aspect of globalisation works against the USA.
Well rip up the treaties, the freedom, the democracy. We don't like it when these global treaties work AGAINST us.
I'm ashamed to be called American.
[ link to this | view in thread ]
Axis of evil.
Good point. Do you know which three oil-rich countries started SELLING oil in Euros not dollars?
Iraq, Iran and North Korea.
Weeks later, they were suddenly referred to as the 'axis of evil'.
America's not the only country in touch with what's going on. That was a significant event in America's downfall in popularity amongst the world.
[ link to this | view in thread ]
On Line Gambling is Peanuts in the Overall, but ..
The US will soon be fighting other parts of the world for oil and gas, such as China with it's ever increasing demand for oil and gas, and yes, the US economy is directly affected by gas and oil.
The US economy is falling and the US has a lot of problems: the Iraqi war, the US workforce, the US infrastructure, just to name a few. Expect your taxes to go up and standard of living to drop.
On line gambling is just another method for money to move out of the country, but as mentioned, not a big item in the overall. The US government is pissed because it can't control it and get it's hands on any tax money from it. (It also looks like it might be a way to launder money.)
[ link to this | view in thread ]
Re: Re: Re: Re: Online Gambling
[ link to this | view in thread ]
...Or for the sake of preventing people from destroying their lives...
[ link to this | view in thread ]
Gee
[ link to this | view in thread ]
You are actually wrong on the issue of online gambling too. There is a difference between online and in person. How do you collect taxes of winnings from online gambling. How do you ensure criminals are not using online gambling to launder money? How do you ensure the games are on the up and up? These problems are difficult with physical gambling, impossible with online gambling.
Go ahead and vote for Ron Paul, although he would get America out of all these international agreements.
[ link to this | view in thread ]
Bob Hooper, you are a moonbat
I know you hate GWB and all, but get a clue, really.
[ link to this | view in thread ]
Re:
[ link to this | view in thread ]
Sweet!
One can always dream He'll disappear. Or maybe we'll wake up and find this is all some bizarre simulation, and this omnipotent, "kind" freak doesn't actually plague our existence to begin with.
One can always dream...
[ link to this | view in thread ]
Re: Well how hypocriical...
[ link to this | view in thread ]
Retorts
-State lotteries aren't gambling. It is a tax on the poor.
"The U.S. has shown that it considers the WTO a joke and will not abide by it's decisions."
-The WTO is indeed a joke. They have no real power. If the US.gov ignores them, what are they gonna do about it?
"...Or for the sake of preventing people from destroying their lives..."
-If you are dumb enough (or addicted enough) to destroy your life by playing online poker, then you reap what you sow. The US.gov can try to protect you from yourself, but you cannot cure stupid.
[ link to this | view in thread ]
Re: Re:
The IRS or the FBI can easily go an punish Google if necessary. The same goes for Harrahs. Spot checks by the gaming commision are very easy to make.
[ link to this | view in thread ]
Re: Nanny State
Grown adults should be free to make their own choices regarding their own personal lives, even if they're bad ones.
People can be addicted to lots of things: booze, TV, sex, video games, the internet... it's not for the government to step in and either ban it or tell you how much of it your allowed to have.
[ link to this | view in thread ]
Re: Nanny State
> Wow, what a surprise, what a crime.
Having some government bureaucrat taking away my freedom because he thinks it's bad for me-- as if he somehow knows how to run my life better than I do-- is hardly "looking out for my best interests".
My best interests involves me deciding these things for myself. I neither need nor want a governmental nanny.
[ link to this | view in thread ]
Re: Retorts
> money from state lotteries..."
> -State lotteries aren't gambling. It is a tax on the poor.
Yes, it is gambling. Under the government's own definition of gambling, lotteries fit the bill.
Put another way, try setting up your own lottery and see what the government charges you with when they arrest you.
[ link to this | view in thread ]
Legal Online Poker
[ link to this | view in thread ]