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The FBI Seizes The Three Biggest U.S. Poker Websites

I posted this in Off Topic, but it isn't showing up in the "active forum topics" section, and I think it's very important, so I'm posting it again in the Liberty forum. Hopefully that's okay.

As a semi-professional poker player, this was the last headline that I wanted to see today:

The FBI Seizes The Three Biggest U.S. Poker Websites

Read more: http://www.businessinsider.com/online-poker-websites-fraud-2...

It seems as if the executives at these sites have been indicted for fraud and illegal gambling and 75 of their accounts have been frozen. This is going to have multi-billion dollar implications and hurt players not only in the US, but around the world.

The magnitude of this is huge! Online poker is a multi-billion dollar industry. Thousands of people across the US make a living on the game. It's a game of skill where people who study and work hard at improving their play can make money and take care of their families on their own, without having to work for someone else. Not only do people make money playing, but they charge money to coach others, to make training videos for websites that people pay membership dues on, etc.

I understand that the government wants their piece of the pie, but being of the libertarian mindset, I don't agree that they have the right to the fruits of another person's labor, and even if they do want to regulate it and take a % (which like any business where profit margins are sometimes slim, is going to drive a large percentage of players out of business right off the bat), what are people who DEPEND on this for their income...to pay their rent and put food on the table, going to do now??? There are NO freaking jobs out there!!!

I'm literally beside myself with anger right now.



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not a player but...

GE usd $14,000,000,000 profit and no taxes how does that work?

Know when to hold 'em. Know when to fold 'em. Know when to run.

Run!

Over the border it is still legal.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Bummer

I used to play years ago. They would send me $5 in chips from time to time.

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Bump

Bump.

I do not agree with everything the OP says, but I do think the feds have no business telling people how they may gamble. Stock market, okay. State lotteries, okay. Health insurance, beyond okay. Online poker, not okay.

I played casino poker for a living part time for about five years. (Part time to a poker player means less than 14 hours a day, on average.) I did very well. But I never confused what I was doing with productive work. There is no economic case to be made for zero-sum gambling except maybe economic "survival of the shrewdest." But there is no case either that it is any of the Federale's business.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

I think Ron Paul was the only

I think Ron Paul was the only congressman to vote against UIGEA.

“Liberty means responsibility. That is why most men dread it.” -George Bernard Shaw