<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Wrigley:
Agree they should not take new deposits until their fate is decided.<HR></BLOCKQUOTE>
If they don't take new deposits, their fate will be decided. This one fooled me, I have to admit. I usually don't fall for the Kenny and Russy spin, but the Flexcard gimmick reeled me in.
This is why we need to have a REAL watchdog for online books: the US government. They need to legalize it then regulate it.
If they did, these things would not occur because people would be going to jail instead of going to Panama for Superbowl parties with dirty postup money.
Agree they should not take new deposits until their fate is decided.<HR></BLOCKQUOTE>
If they don't take new deposits, their fate will be decided. This one fooled me, I have to admit. I usually don't fall for the Kenny and Russy spin, but the Flexcard gimmick reeled me in.
This is why we need to have a REAL watchdog for online books: the US government. They need to legalize it then regulate it.
If they did, these things would not occur because people would be going to jail instead of going to Panama for Superbowl parties with dirty postup money.
Dell Dude-
One problem with US government regulating it is that the gov would make everybody pay their taxes: players and books. That would be a big chunk of money getting drained out of the industry each year.
If a player loses 1000 at book A and wins 1000 at book B, the player has to use his real identity and SSN to prove to government that is net win/loss is 0 or gov will make him pay $250 taxes on book B win.
I don't see the bookmakers giving up 1/4 to 1/3 their bottom line in taxes.
One problem with US government regulating it is that the gov would make everybody pay their taxes: players and books. That would be a big chunk of money getting drained out of the industry each year.
If a player loses 1000 at book A and wins 1000 at book B, the player has to use his real identity and SSN to prove to government that is net win/loss is 0 or gov will make him pay $250 taxes on book B win.
I don't see the bookmakers giving up 1/4 to 1/3 their bottom line in taxes.
