Understanding the legalization of poker in the US
The legalization of online poker in the United States has always been a sensitive subject for the government and the congress. Truth be told, many politicians that have originally spoken against the legalization of online gambling came to see the error of their ways particularly when faced with the crisis that entailed coming up with the 1.5 trillion dollars to cover the debt of the United States. However, from a broad perspective, there are few reasons to keep online casinos and online poker tournaments outside the law, considering that estimates reveal that the budget of this industry revolve around the sum of 6 billion dollars per year.
It is fair to note that the recent arguments between the sustainers of poker legalization within the territory of the United States associated with the fraud charges against a few of the major operators seem to drastically affect the outcome. In essence, in case you are not familiar with the public scandal, major online gaming casinos among which we will list Full Tilt, Poker Stars and Absolute Poker were charged with millions of dollars in fraud. Furthermore, these online casinos have also been accused several other grave offenses against the United States.
Experts testify on benefits of regulated Internet gambling
Washington, D.C., Dec. 3, 2009 — Experts in the fields of online security and consumer safety testified today before the House Committee on Financial Services to address legislation introduced by Chairman Barney Frank (D-MA) that would regulate Internet gambling in the United States. Witness testimonies provided further evidence to Committee members that a regulatory framework for Internet gambling would protect consumers and ensure the integrity of Internet gambling financial transactions. Chairman Frank has previously indicated interest in having the House Financial Services Committee vote on his legislation, the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267) as the next step in getting the bill enacted into law during this Congress.
The hearing highlighted the success of existing systems and technologies in blocking minors from gambling online, combating compulsive gambling and protecting consumers against money laundering, fraud and identity theft.
Why Obama Will Legalize Online Gambling When He Becomes President
Author: Carlos Fernandez
Ok, so he is not president, YET… He likely will be as he is currently leading in the polls by over 10 % with a 6% +- sample error. This information coming from polls all over the media industry, even the Republican ones. Another major contributing factor that will give him and the Democratic Party the all time favored seat of power is that the economy has been in its worse shape since the 1929 depression. The credit crisis has hit so hard, that even former FED chair Alan Greenspan has come out to say he was wrong about certain maneuvers that were taken place during his latest term as FED chair. Major corporations are cutting jobs, others have gone bankrupt, countries such as Argentina and other second world countries have called for help to the International Monetary Fund. Goldman Sachs, the premier investment banking firm in the world has declared it will cut its workforce. And lastly, chartists and speculators claim the DOW might fall below 5,000 over the course of the next year leaving all value behind.
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