U.I.G.E.A.
U.I.G.E.A.
Greg, does the news from yesterday have any new relevance to fantasy sports on the internet?
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Greg Ambrosius
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U.I.G.E.A.
Originally posted by cindy:
Greg, does the news from yesterday have any new relevance to fantasy sports on the internet? Very interesting. I did not see this yesterday. For a link to a pretty good review see this:
http://luckynumbers.kansascity.com/?q=node/396
No, this bill won't affect the fantasy sports industry. I mean, we have carveout language in this bill that really states what you need to do to legally run a fantasy game and it does state that this is a game of skill. So the bill was helpful to our industry in that it defined fantasy sports and in a way regulated it. But that carveout language could be in any related bill that doesn't cut down the entire Internet offshore gambling industry or poker industry.
This is very interesting because I do believe that in the next year the Democrats will find a way to repeal this "midnight hour" bill that the Republicans hammered through. All of this anti-Internet gambling legislation was added to a port security act and was done in a last day session of Congress two years ago. It crippled the offshore gambling industry, took down several publicly traded companies in London and slowed down the progress of online poker. Maybe the new government will figure out a way to just tax this industry, keep jobs in America and let us all play poker online freely...but for a charge.
Very interesting. Let's see what happens.
Greg, does the news from yesterday have any new relevance to fantasy sports on the internet? Very interesting. I did not see this yesterday. For a link to a pretty good review see this:
http://luckynumbers.kansascity.com/?q=node/396
No, this bill won't affect the fantasy sports industry. I mean, we have carveout language in this bill that really states what you need to do to legally run a fantasy game and it does state that this is a game of skill. So the bill was helpful to our industry in that it defined fantasy sports and in a way regulated it. But that carveout language could be in any related bill that doesn't cut down the entire Internet offshore gambling industry or poker industry.
This is very interesting because I do believe that in the next year the Democrats will find a way to repeal this "midnight hour" bill that the Republicans hammered through. All of this anti-Internet gambling legislation was added to a port security act and was done in a last day session of Congress two years ago. It crippled the offshore gambling industry, took down several publicly traded companies in London and slowed down the progress of online poker. Maybe the new government will figure out a way to just tax this industry, keep jobs in America and let us all play poker online freely...but for a charge.
Very interesting. Let's see what happens.
Greg Ambrosius
Founder, National Fantasy Baseball Championship
General Manager, Consumer Fantasy Games at SportsHub Technologies
Twitter - @GregAmbrosius
Founder, National Fantasy Baseball Championship
General Manager, Consumer Fantasy Games at SportsHub Technologies
Twitter - @GregAmbrosius
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headhunters
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U.I.G.E.A.
greg this is your soap box- and i respect that; but i might add i am with you- as long as i or any other taxpayer doesn't have to bail out everyone that loses their life savings gambling on the internet.
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Liquidhippo
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Originally posted by headhunters:
greg this is your soap box- and i respect that; but i might add i am with you- as long as i or any other taxpayer doesn't have to bail out everyone that loses their life savings gambling on the internet. Taxpayers bailing them out? Why, or how, would this ever be a concern? I'm not aware of any taxes levied to support such a group of people.
Hmm....losing their life savings gambling on the internet....sounds more like a day trader on the stock exchange than an internet gambler.
greg this is your soap box- and i respect that; but i might add i am with you- as long as i or any other taxpayer doesn't have to bail out everyone that loses their life savings gambling on the internet. Taxpayers bailing them out? Why, or how, would this ever be a concern? I'm not aware of any taxes levied to support such a group of people.
Hmm....losing their life savings gambling on the internet....sounds more like a day trader on the stock exchange than an internet gambler.