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Keyword: howardlederer

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  • Raising the stakes on online poker

    08/16/2009 5:36:48 AM PDT · by T-Bird45 · 30 replies · 886+ views
    Sunday Oklahoman ^ | 8/16/09 | George Will
    <p>WASHINGTON — Howard Lederer is a professional poker player, not a gambler. If Congress will acknowledge this distinction, it will rectify one of its recent mistakes.</p> <p>In 2006, Congress, cloaking cunning with moralizing, effectively outlawed Internet gambling by making it illegal for banks or credit card companies to process payments to online gambling operations. This was more than moral pork for social conservatives. It also blocked online competitors from poaching gamblers from the nation’s most aggressive promoters of gambling — state governments. They are increasingly addicted to revenues raised by lotteries and from taxation of other legal gambling. The law exempted Internet state lotteries and two powerful and vocal interests — online betting on horse racing and some fantasy sports betting online.</p>