Tuesday, April 28, 2009
WASHINGTON — U.S. Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee, said on Tuesday he would introduce a bill next week to overturn a three-year-old U.S. ban on Internet gambling.
FOXNews.com - Congress May Overturn Online Gambling Ban - Science News | Science & Technology | Technology News
This would be excellent. The fish would finally return to Pokerstars and Fulltilt seeing as it would be much easier to deposit and withdrawal money. The games dried up considerable when the bill was enact during the Bush administration.
A measure taken by the Democrats I finally approve of, woo.
Last thing we need during an economic disaster is people gambling on credit.
Foolish, foolish move.
Last thing we need during an economic disaster is people gambling on credit.
Foolish, foolish move.
Why does it matter what they're spending their money (or Visa's money) on? You could say the same thing about nearly any use of money. If people have disposable income and they want to spend it on casinos, that's great. It brings more money to the casinos, creates jobs, and keeps the consumer entertained. What makes spending $100 on Full Tilt Poker any worse than spending $100 on Netflix?
When you spend $100 on Netflix, you're not going to spend another $500 trying to "win it back".
Korimyr the Rat said:And if they're gambling on their credit cards, it's not "disposable income".
Neither do most people who spend money gambling for fun. All of the major online gambling sites have Problem Gambler safeguards...things you would never find in a brick-and-mortar casino.
For example, on the website I play on (Full Tilt Poker), you can set a limit to the amount of money you can deposit each week...and if you change your mind, it will take 30 days for those changes to take effect. You can also request to be banned from the website during certain hours of the day (or if you exceed a certain time limit of gambling time). You can even request to be permanently banned...which is irreversible. No brick-and-mortar casino will bend over backwards to help problem gamblers the way that the online sites will.
Besides, why should the rest of us be prevented from gambling due to the actions of a few? A few people will drink and drive...does that mean that drinking should be illegal? Does that mean driving should be illegal? Of course not.
That's between the credit card company and the consumer. The credit card companies are under no obligation to finance every single transaction request. They are free to deny the transaction. And are you OK with online gambling if the gambler pays up front, such as with a debit card or PayPal or NetTeller?
Online gambling is illegal for one and only one reason: Harry Reid is from Nevada and wanted a monopoly. Oh, and let's not even delve into the fact that the online gambling ban violates all sorts of WTO agreements we have with other nations.
Last thing we need during an economic disaster is people gambling on credit.
Foolish, foolish move.
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