'Black Friday' and associated fallout megathread

[dj11]

DJ, you have no clue what you're talking about. The UIGEA does NOT block sites from paying players. Never has. The UIGEA blocks banks from sending money TO poker sites, that's it. /quote]

Hate to pop ur bubble WV;

sections 5362, definitions used in the UEGIA

amongst other definitions;

``(D) includes any instructions or information
pertaining to the establishment or movement of funds by
the bettor or customer in, to, or from an account with
the business of betting or wagering; and...blah blah blah


bold is mine. If, under this law we can not send money to the sites, then equally, they can not send money to us. to---from....no difference. Get picky and really read this and you might be able to show that it is illegal for us to even request a payout. That leaves the sites liable for a conspiracy charge. But the DoJ has stated it is not out to 'get' US players, so if not us, who? Clearly they are after the sites.

Nowhere have I said Stars or Tilt or any other site would disappear, they will do fine. As for the other sites still in the US? How long will that last? They will have to see that even tho serving the players in the states is legal, paying them has problems....... and at this point they are probably insurmountable problems with a very real -ev probability.

 

[Charade You Are]

sections 5362, definitions used in the UEGIA

amongst other definitions;

``(D) includes any instructions or information
pertaining to the establishment or movement of funds by
the bettor or customer in, to, or from an account with
the business of betting or wagering; and...blah blah blah


bold is mine.

That paragraph is under DEFINITIONS of a bet or wager. The only prohibitions in the UIGEA are:

§ 5363. Prohibition on acceptance of any financial instrument for unlawful Internet gambling
No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling-

(1) credit, or the proceeds of credit, extended to or on behalf of such other person (including credit extended through the use of a credit card);

(2) an electronic fund transfer, or funds transmitted by or through a money transmitting business, or the proceeds of an electronic fund transfer or money transmitting service, from or on behalf of such other person;

(3) any check, draft, or similar instrument which is drawn by or on behalf of such other person and is drawn on or payable at or through any finanvial institution; or

(4) the proceeds of any other form of financial transaction, as the Secretary and the Board of Governors of the Federal Reserve System may jointly prescribe by regulation, which involves a financial institution as a payor or financial intermediary on behalf of or for the benefit of such other person.

Bold is mine.

 

[WVHillbilly]

You missed out the most ridiculous part of the posts though, bbb called you 'young'

FU!

Hate to pop ur bubble WV;

sections 5362, definitions used in the UEGIA

amongst other definitions;

``(D) includes any instructions or information
pertaining to the establishment or movement of funds by
the bettor or customer in, to, or from an account with
the business of betting or wagering; and...blah blah blah


bold is mine. If, under this law we can not send money to the sites, then equally, they can not send money to us. to---from....no difference. Get picky and really read this and you might be able to show that it is illegal for us to even request a payout. That leaves the sites liable for a conspiracy charge. But the DoJ has stated it is not out to 'get' US players, so if not us, who? Clearly they are after the sites.

Nowhere have I said Stars or Tilt or any other site would disappear, they will do fine. As for the other sites still in the US? How long will that last? They will have to see that even tho serving the players in the states is legal, paying them has problems....... and at this point they are probably insurmountable problems with a very real -ev probability.

Wrong again.

That paragraph is under DEFINITIONS of a bet or wager. The only prohibitions in the UIGEA are:

§ 5363. Prohibition on acceptance of any financial instrument for unlawful Internet gambling
No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling-

(1) credit, or the proceeds of credit, extended to or on behalf of such other person (including credit extended through the use of a credit card);

(2) an electronic fund transfer, or funds transmitted by or through a money transmitting business, or the proceeds of an electronic fund transfer or money transmitting service, from or on behalf of such other person;

(3) any check, draft, or similar instrument which is drawn by or on behalf of such other person and is drawn on or payable at or through any finanvial institution; or

(4) the proceeds of any other form of financial transaction, as the Secretary and the Board of Governors of the Federal Reserve System may jointly prescribe by regulation, which involves a financial institution as a payor or financial intermediary on behalf of or for the benefit of such other person.

Bold is mine.

Correct.

 

[dj11]

That paragraph is under DEFINITIONS of a bet or wager. The only prohibitions in the UIGEA are:

§ 5363. Prohibition on acceptance of any financial instrument for unlawful Internet gambling
No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling-

(1) credit, or the proceeds of credit, extended to or on behalf of such other person (including credit extended through the use of a credit card);

(2) an electronic fund transfer, or funds transmitted by or through a money transmitting business, or the proceeds of an electronic fund transfer or money transmitting service, from or on behalf of such other person;

(3) any check, draft, or similar instrument which is drawn by or on behalf of such other person and is drawn on or payable at or through any finanvial institution; or

(4) the proceeds of any other form of financial transaction, as the Secretary and the Board of Governors of the Federal Reserve System may jointly prescribe by regulation, which involves a financial institution as a payor or financial intermediary on behalf of or for the benefit of such other person.

Take 2 to tango. A business transaction is between 2 (or more) parties. Each of us is 1 of the parties involved with whatever site being the 2nd (or 3rd).

 

[Charade You Are]

Take 2 to tango. A business transaction is between 2 (or more) parties. Each of us is 1 of the parties involved with whatever site being the 2nd (or 3rd).

Look up the definition of the word "acceptance".

I could write more, but I give up. Freedom means being able to think what you want even if it's wrong.

 

[dj11]

From Dictionary.com

Acceptance
[ak-sep-tuh

ns] Show IPA –noun 1. the act of taking or receiving something offered.

2. favorable reception; approval; favor.

3. the act of assenting or believing: acceptance of a theory.

4. the fact or state of being accepted or acceptable.

5. acceptation ( def. 1 ) .

6. Commerce . a. an engagement to pay an order, draft, or bill of exchange when it becomes due, as by the person on whom it is drawn.

b. an order, draft, etc., that a person or bank has accepted as calling for payment and has thus promised to pay.

1 offers something, another accepts (or not) it. Takes 2 to tango.

 

[WVHillbilly]

Good. Now accept the fact that you were wrong and let's move on shall we?

 

[dj11]

Good. Now accept the fact that you were wrong and let's move on shall we?

To Charade, what part of acceptance is it you thought I did not understand?

Naivety abounds here!!

Hope and wish all you want, but that will get you nowhere. The reality is this is now, and will be for a long long time, in the hands of the court. So long that again, OLP as we know it, is dead in the US.

If we ever want to see OLP again, we Americannots actually have to hope the remaining sites close down US operations (ohhhhhhhhh, I hate having to say that), so that the pending legislation requiring 18 months hiatus can begin.

Interestingly, 18 months out is about the scheduled End of the World isn't it?

 

[Charade You Are]

Surprising article by Fox news IMO.

Online Poker Shutdown -- What's Really Behind the Department of Justice's Decision?

Exerpt:
Laws like the UIGEA allow government entities to extort billions of dollars from companies while forcing ordinary citizens underground with nowhere to turn when they are victimized by real fraud.

If Washington policy makers really want to save taxpayers money while protecting their rights, curbing the power-mad, money-hungry Department of Justice would be a good start.

 

[Poof]

online poker is not dead. We still have plenty of sites we can play on.
FT and Stars were big, yes, but not being able to play there is not the end of the world. It does suck though.

 

[vanquish]

armchair lawyers ITT

 

[dj11]

armchair lawyers ITT

Tis all the rage you know......

 

[TylerN]

We have to stick together ladies

 

[cAPSLOCK]

armchair lawyers ITT

I remember back when you were a lawyer.

 

[Dunninger]

So has this thread set any records on Cardschat yet ? views ? posts ? etc ?

Sorry.. the whole thing is depressing.. was looking for a silver lining !

arty:

 

[Dorkus Malorkus]

The rigged megathread in BB&C has 5k replies and 92k views (which is approximately 5k replies and 92k views too many), so no.

 

[Debi]

It has definitely broken records if you look at short term numbers though. No other thread has ever had this many posts and this many views in 8 days.

 

[beantownmaniac]

Where is this paragraph from?

Here's a link so you can check it out. Scroll down to: TITLE III--INTERNET GAMBLING IN OR THROUGH FOREIGN JURISDICTIONS. Just below that is this: SEC. 101. DEFINITIONS. In that section you'll see this: (6) The term `bets or wagers'. You can read what I posted in that section, and you can read the entire law on that link.




HR 4411: Internet Gambling Prohibition and Enforcement Act.

 

[bubbasbestbabe]

The only prohibitions in the UIGEA are:

§ 5363. Prohibition on acceptance of any financial instrument for unlawful Internet gambling
No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling-


Gee if the DOJ wants to really split hairs then they can claim that a Federal Reserve Note is a financial instrument. So no matter what you are dead in the water.

 

[WVHillbilly]

It has definitely broken records if you look at short term numbers though. No other thread has ever had this many posts and this many views in 8 days.

Views may be a record but last months cash thread had 1500+ posts in the 1st 8 days. (4 Quality posts)

 

[TylerN]

i will never be dead in the water

also for the people saying just play live...a lot of players (like me) are under 21 making it difficult to play live with the occasional indian casino thats is like 10hrs for me to get there

 

[Debi]

Views may be a record but last months cash thread had 1500+ posts in the 1st 8 days. (4 Quality posts)

That spammy thread doesn't qualify for records lol. 4 quality posts is a stretch.

 

[WVHillbilly]

The only prohibitions in the UIGEA are:

§ 5363. Prohibition on acceptance of any financial instrument for unlawful Internet gambling
No person engaged in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful Internet gambling-


Gee if the DOJ wants to really split hairs then they can claim that a Federal Reserve Note is a financial instrument. So no matter what you are dead in the water.

What?

 

[WVHillbilly]

That spammy thread doesn't qualify for records lol. 4 quality posts is a stretch.

Yeah, I counted 1 post twice. Didn't think you'd notice.

 

[bubbasbestbabe]

What?

What!? What are you questioning? The reference to the federal Reserve Note?