sean1 said:
Yes,
I noted there is no definition of "business of betting" in this bill.
Would it seem reasonable then that the definite of business of betting has not changed from previous federal bills where it is clearly defined as the bookie?
Sean
definitely not explicit, further ambigious language can be found through out -
"Prohibition of acceptance of any payment instrument for unlawful internet gambling" - which could be interpreted as us being the now illegal benefeciaries of this payment instrument.
there are tons of example of ambiguified (not a real word) language in there, but a rather striking example of its absence is on the first page
"Subtitle IV: Prohibition of Funding of Unlawful Internet Gambling" which, combined with the rest of the language which clearly designates the recipient/middle man as the law break and NOT the sender, explicitly lays the onus on the books and financial institutions...not us. That only matters for the criminal side of things, but it is promising that it has that label as well as the less specific ones.
For the processing of transactions bit, we'll have to rely on their unwillingness to apply this kind of EFT code system which kwalder has already pointed out.
I am no expert, but the bill seems largely toothless unless you are an operator of an offshore book who likes to vacation in the U.S. ...OR if they end up deciding that adding a EFT transfer checking system is actually feasible. My guess is they only got this thing added by putting that escape clause in because they knew it wasn't.