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Online Gambling To Be Relegalized

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House Financial Services Committee Chairman Barney Frank on Wednesday said he will introduce a bill this week to lift a ban on online gambling.

"Why anyone thinks it is any of my business why some adult wants to gamble is absolutely beyond me," Frank told a community bankers group conference.



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"Why anyone thinks it is any of my business why some adult wants to gamble is absolutely beyond me," Frank told a community bankers group conference.




Obviously Frank doesn't understand that minding other peoples business is a core principal of the Republican party. Although I'm sure that law had the backing of the US gamb...err..."gaming" industry.
"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

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One problem I have with online gambling - other than the fact that you're virtually guaranteed to lose - is that there are no truly reliable checks to make sure minors don't gamble. At least casinos and racetracks keep minors out. Consenting adults can do what they want (although, frankly, the odds of winning online are so incredibly low that it might amount to fraud; but that's another issue). If there's a truly reliable way to keep minors from gambling online other than a law banning it outright, I'd be open to hearing it.

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One problem I have with online gambling - other than the fact that you're virtually guaranteed to lose - is that there are no truly reliable checks to make sure minors don't gamble. At least casinos and racetracks keep minors out. Consenting adults can do what they want (although, frankly, the odds of winning online are so incredibly low that it might amount to fraud; but that's another issue). If there's a truly reliable way to keep minors from gambling online other than a law banning it outright, I'd be open to hearing it.



hmm parental supervision over internet activities??

nahh to hard, to low tech....[:/]
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hmm parental supervision over internet activities??

nahh to hard, to low tech....[:/]



Great concept in theory, and I'm all for it. In practice, however, it's very hard to closely monitor every bit of online activity of a computer-savvy teenager. I speak from experience, believe me. Parental supervision is a good thing, but it doesn't amount to "truly reliable" as I have used the term.

At any rate, society has always taken upon itself a bit of the responsibility of enacting laws to protect minors from their own reckless conduct.

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At least casinos and racetracks keep minors out.



I have been betting on the ponies (conservatively), collecting winnings, reading the racing form, and smoking stogies in the stands since I was 16. Not once was I asked for ID.

I never tried to get a beer while underage though. Maybe I should have?

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At least casinos and racetracks keep minors out.



I have been betting on the ponies (conservatively), collecting winnings, reading the racing form, and smoking stogies in the stands since I was 16. Not once was I asked for ID.



Yeah, but you look twice your age.

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no truly reliable checks to make sure minors don't gamble.



Don't give em your credit card. :P

Seriously tho, limit / eliminate minors' responsibility for debts incurred. The gambling places will figure it out on their own if they can't get paid for it. Then minors would only be able to play pre-paid, and that's hard without credit somewhere. Most minors don't have access to that kind of cash.
My advice is to do what your parents did; get a job, sir. The bums will always lose. Do you hear me, Lebowski?

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At least casinos and racetracks keep minors out.



I have been betting on the ponies (conservatively), collecting winnings, reading the racing form, and smoking stogies in the stands since I was 16. Not once was I asked for ID.



Yeah, but you look twice your age.



When I was 16 I looked 14.

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Chuck Norris doesn't do push-ups, he pushes the Earth down.

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The real problem is that the US gov can't control the WWW. There are still lots of Americans using online gambling sites, just no American companies reaping the benefits.
The situation with Vietnamese investment in the eighties was similar. When the administration realized that there was plenty of investment capital flowing into Vietnam from Europe, Britain, Canada, etc. and all the ban was doing was denying US companies investment opportunities, they removed the investment ban.
Democrats see Cuba in a similar light.

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The real problem is that the US gov can't control the WWW. There are still lots of Americans using online gambling sites, just no American companies reaping the benefits.
The situation with Vietnamese investment in the eighties was similar. When the administration realized that there was plenty of investment capital flowing into Vietnam from Europe, Britain, Canada, etc. and all the ban was doing was denying US companies investment opportunities, they removed the investment ban.
Democrats see Cuba in a similar light.



Actually, no what they did was make it illegal for banks to transfer funds into gambling accounts, and started arresting and placing warrants for executives of banks that continued to do it anyways, and so, effectively killing the US gambling market.

As someone who made a fair bit of money on online poker, I can attest they succeeded. There's still a few people playing, but not as many as there were before.
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One problem I have with online gambling - other than the fact that you're virtually guaranteed to lose - is that there are no truly reliable checks to make sure minors don't gamble.



How do minors transfer funds? It's hard enough for adults to do it!

If parents can't control their kids computer and finances, they're not doing their job. May the real world educate the children instead.

What about the children is the same defense for the prohibition on shipping wine. Think of how society will suffer if all those 16yo bourdeaux lovers can order oneline? (all 3 of them).

It's time to stop worrying about the children so much. Somehow we made it through ok.

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It's time to stop worrying about the children so much. .



Yes, but if you take away "what about the children" an obscene number of emotional objections to ANY activity magically vanish
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