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NETELLER withdraws from US online poker market
NETELLER news release ^ | 18 Jan 2007 | myself

Posted on 01/18/2007 7:05:28 AM PST by fnord

Following the arrest of former Neteller executives, Neteller has will no longer allow money transfers to/from online poker and gambling sites for US members. News release is at the source.

Neteller follows Firepay in knuckling under to US efforts to outlaw non-governmental betting. For the time being US poker players will have to deal directly with their favorite online sites without using a secure intermediary.

The crisis continues ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
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1 posted on 01/18/2007 7:05:30 AM PST by fnord
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To: frogjerk

Republicans are still wondering why they got creamed last election. This story is one of the explanations why that happened.

Even though many Democrats supported the legislation (and of course tyrannical big government is always to a liberal's liking), it is being painted throughout the poker world, online and b&m, as a Republican effort.

Maybe Congress and the President can fix all this mess, but I aint holding my breath.


2 posted on 01/18/2007 7:12:07 AM PST by fnord (are you an RVer? I have questions; please see my profile page if you have advice)
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To: fnord

Yeah we don't have enough ways to gamble right now. Must have complete and unfettered access to online sites which cannot be regulated.


3 posted on 01/18/2007 7:19:04 AM PST by driftdiver
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Comment #4 Removed by Moderator

To: driftdiver

I guess I just want to be in charge of what I do with my money and time. trusting the government to tell you what's best is called socialism, and I don't like it.


5 posted on 01/18/2007 7:29:33 AM PST by fnord (are you an RVer? I have questions; please see my profile page if you have advice)
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To: fnord

"I guess I just want to be in charge of what I do with my money and time. trusting the government to tell you what's best is called socialism, and I don't like it."

I don't understand this argument. The govt touches every part of our life currently. I don't like socialism but there is a difference between socialism and protecting Americans from criminals and other scum bags. Online gambling is so extremely dependent on the honesty of the site. There is no way to determine if its real or if they are twisting the outcome. Its also a fantastic way to launder money or to transmit large amounts of money to organizations unfriendly to the US.


6 posted on 01/18/2007 7:45:56 AM PST by driftdiver
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To: fnord

I think this issue could have lost the election for the Republicans.

Right or wrong, however you feel about it, a lot of people got pissed about the sneaky way they passed this BS. Some races only took a few thousand votes to lose, some even less.

Frist is a TURD for what he did.

For you on the other side of this issue. Your right, let's just give all of that money to the Indian Tribes instead. They are making billions off of gambling(legally, as defined by who?) and buying up real estate with the proceeds.


7 posted on 01/18/2007 7:50:03 AM PST by BookaT (My cat's breath smells like cat food!)
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To: fnord

And, soon they are going to tell you who you write to on your
P/C and how many times you will be allowed to write to them.


8 posted on 01/18/2007 7:54:21 AM PST by buck61
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To: BookaT

"For you on the other side of this issue. Your right, let's just give all of that money to the Indian Tribes instead. They are making billions off of gambling(legally, as defined by who?) and buying up real estate with the proceeds."

You're right, thats BS too. But IMO it doesnt justify making the problem worse. The Indians have a monopoly on gamling outside of Las Vegas. All they have to do is buy land and open a casino.


9 posted on 01/18/2007 7:58:45 AM PST by driftdiver
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To: driftdiver

my argument is that *I* should be responsible for what I do with my hard earned money.

I haven't lost a penny in online gambling since about '98. By that I mean because the site folded or stole my money, not counting losing through the actual gambling. Todays sites are very regulated and honest, and safe.

Contrast that to EBay, where I have lost money to unscrupulous sellers, and had no recourse but to just swallow the loss. I would reckon Americans have lost many times more through EBay and the like than through online poker and gambling sites.

Contrast also to state run lotteries, where you automatically lose over 50% of your ticket price. How many billions have people lost through these lotteries, yet they remain legal.

This is nothing but a money and power grab by the government. Most people see that and it's a sad day for personal liberty when the supposed small-government party follows the principles of the socialists to line their pockets.


10 posted on 01/18/2007 8:01:13 AM PST by fnord (are you an RVer? I have questions; please see my profile page if you have advice)
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To: BookaT

I voted loyally for Republican candidates in the last election. No Republican can count on that loyalty in the next one.

Their abridgement of my internet liberties is one of several reasons.

Casually banning on-line gambling was a big mistake.


11 posted on 01/18/2007 8:01:24 AM PST by NaughtiusMaximus (Our troops are smart. It's our politicians who are stupid.)
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To: driftdiver

My 401k could be investing in Damascus municipal bonds. My credit union could be loaning money to Al Qaeda.

So let's have the government control all aspects of our economy, and issue us what we need to live.


12 posted on 01/18/2007 8:02:44 AM PST by Utahrd
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To: driftdiver
Must have complete and unfettered access to online sites which cannot be regulated taxed and controlled by a government entity

There fixed that for you. The government has no problem with gambling as long as they are running it (i.e. lotteries, casinos, etc.). But let free enterprise run unfettered and that's, why that's harmful to families!!

13 posted on 01/18/2007 8:04:04 AM PST by billbears (Those who do not remember the past are condemned to repeat it. --Santayana)
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To: BookaT

my argument vis the elections is twofold.

1 - I am not aware of anybody who decided to vote Republican because of this law. I am aware of people who voted against them because of it. Even if it is only a miniscule percentage, there is absolutely no upside for them, only downside.

2 - I am also aware of quite a large group of people who probably would not have voted otherwise, but voted this time against the Republicans. These people would have stayed home without an issue to mobilize them. They probably won't vote next time without an overarching reason to do so. Again, no upside, only downside.

like I said, virtually everybody, rightly or wrongly, blames the Republicans for this law. granted, I am referring only to the smallish world of poker, but that's where I live so it impacts me, and because of the election results it impacts even those who don't live in that world.


14 posted on 01/18/2007 8:08:58 AM PST by fnord (are you an RVer? I have questions; please see my profile page if you have advice)
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To: MissouriConservative; ZZDean; ConservativeOrBust; CSM; jmc813; Phantom Lord; doubled; Graycliff; ...

Poker Ping!

Freepmail me if you want on the Poker Ping List.

15 posted on 01/18/2007 8:14:36 AM PST by frogjerk (REUTERS: We give smoke and mirrors a bad name)
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To: driftdiver
Must have complete and unfettered access to online sites which cannot be regulated.

They can't be regulated because they are prohibited in the U.S.

But IMO it doesnt justify making the problem worse.

There's no problem.

The Indians have a monopoly on gamling outside of Las Vegas.

Ha ha! No they don't.

16 posted on 01/18/2007 8:21:22 AM PST by JTN ("I came here to kick ass and chew bubble gum. And I'm all out of bubble gum.")
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The internet does not begin and end at US borders. It's called the world wide web, and with that comes conflicts that need to be handled very carefully for the internet to remain the greatest symbol of freedom this world has ever seen.

There is in fact regulation of online gambling, just not in the US. The largest sites are actually traded on the stock markets in the UK. That is how legit the online gambling industry is outside of the US. They are also audited by respected names such as Price Waterhouse Coopers.

I believe gambling sites should be legal to operate in US states that have legalized gambling, and then play is open only to residents of that state. The federal government has no business doing a total prohibition of online gambling. Leave it up to each state.


I think the real concern with this story should be that our government thinks they can arrest visiting foreigners for doing things online that are perfectly legal in their home country.

Suppose I were to visit China and be arrested at the airport because I slandered their government in my pre-trip blog. How many of you anti-online gamblers would be ok with that in principle? Because it's the same thing that's going on here.
17 posted on 01/18/2007 8:25:53 AM PST by callofduty
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To: callofduty

For that matter, how would we feel if other countries started arresting random American Iraq war veterans on vague "war crimes" charges? That would rightly spark outrage. What the US government has done here - arresting former Neteller executives while they were transiting through the US - is based on similar (and similarly ridiculous) principles.


18 posted on 01/18/2007 9:15:16 AM PST by seacapn
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To: fnord

The Pubs came to power via the "Leave Us Alone" Coalition. They broke the contract and they lost.


19 posted on 01/18/2007 9:16:50 AM PST by Tribune7 (Conservatives hold bad behavior against their leaders. Dims don't.)
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To: driftdiver
I don't see any reason that the government should be allowed to regulate someones ability to make a bad decision. And thats what it boils down to. If a person gambles on a site that is fixed or not respectable it is no different than if they enter into a small time fixed card game.

You do things at your own peril and you alone are responsible for the decisions you make. I for one do not want the government holding my hand through every situation. Freedom allots the opportunity to make bad choices and with that also comes the responsibility for them. Too many people are losing track of that.
20 posted on 01/18/2007 10:09:22 AM PST by CougarGA7 (Posting nonsense since 2001.)
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