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Dan Abrams Predicts Legalization Of Online Gambling ‘Inevitable’ On GMA

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» 14 comments

Online poker is under fire from the federal government, with three of the largest online gambling sites being shut down by the FBI earlier this week and potentially endangering the future of the business. ABC legal analyst (and Mediaite founder) Dan Abrams visited Good Morning America today to explain the rationale behind the shutdown and why, despite the major setback to the industry, online gambling might just become legal in the long-term.

While the websites were shut down based on a 2006 law banning online gambling, Abrams argued that this was merely the tip of the legal iceberg for these sites, who among their crimes also included wire fraud and money laundering, and they “hid their profits and… fooled the banks.” It was the entire package, he concludes, that brought the federal government in.

This does not mean that the possible legalization of online gambling is not hindered by the websites being shut down. “There was a movement before this happened towards legalizing online gambling,” Abrams explained, and the setback for that movement this week begs the question: “Is this going to push it towards making it illegal?” Ultimately, Abrams concludes that legalization will happen despite the current situation. Legalizing online gambling, given the myriad other laws the companies behind it broke in the process, is a tough sell now: “I think in the short term,” he explained, “it’s going to be very tough to legalize it. In the long term, it’s almost inevitable.”

The segment via ABC below:

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  • http://TheDividedStatesBlog.com Publius219

    Illegal internet gambling = GOP “small” government. Thanks but no thanks on that bridge to nowhere.

  • Ricia

    Another example of the government telling us what we can do with our own money–oh, wait, it isn’t ours anymore

  • Barack Must Go

    In other words they WERE the Obama administration…..got it.

  • BadGenome

    Publius219 said:
    Illegal internet gambling = GOP “small” government. Thanks but no thanks on that bridge to nowhere.

    http://reason.com/blog/2011/04/15/obama-worse-than-bush-on-bulls

  • http://TheDividedStatesBlog.com Publius219

    BadGenome said:
    http://reason.com/blog/2011/04/15/obama-worse-than-bush-on-bulls

    Who passed the law? DOJ is just enforcing it.

    Don’t you think we should enforce current laws?

    Why do you hate America?

  • MrTPar_taY

    DemoKKKrupts, always on the lookout for a revenue stream, are pushing this big time!

    Alright Tea Partiers, fight this. This is just continued KKKorruption from the ‘Crupts-let’s use common sense.

    Immorality is a favored tactic of these fools.

  • BadGenome

    Publius219 said:
    Who passed the law? DOJ is just enforcing it.

    Don’t you think we should enforce current laws?

    Why do you hate America?

    Obama has made it pretty clear that he won’t abide by laws he doesn’t like. See: immigration, DOMA, marijuana, and his recent signing statement that he doesn’t really give a shit what Congress says in policy riders.

  • onlinecasinosuite

    Ya, I think this was the federal government telling poker rooms, if you don’t stop taking bets, you won’t have a chance when it becomes legalized. Or at least that’s what I hope….my wishful thinking – if you will – as I have a personal stake in online gambling being legalized. I wonder why they didn’t go after Bodog? but then again, I don’t – they aren’t as big as Poker Stars and Full Tilt. Not sure about the third site as this article mentions – I though it was only Poker Stars and Full Tilt ???? I agree with Abrams across the board, including that this is only the “tip of the iceberg” in legal repercussions. HOWEVER….based on earlier government takedowns, ie, BetOnSports, I think this is New York State’s way of getting some fast money. Why? Cuz they have the power to do it. They can.

  • http://onlinecasinosuite.com fb100001075189625

    I want to add that New Jersey is on the verge of legalizing online gambling. This is a State thing. Federal legalization will not happen. It’s up to states. First will be NJ. Florida is now a no-go, but Cali should be next to regulate after NJ. New York obviously has a lot to lose. Surprised it wasn’t Nevada.

  • http://Mediaite.com uggugg

    Are the Super Rich going to fiddle while Rome Burns. We may soon be that New Roman Empire.
    Here is something for small investors to think about before they buy new shares of stock. We read how Our Government prints money out of thin air but when they do, it stays in circulation forever. Guess who else prints money out of thin air with a printer some paper and an idea of naming a company with a product. Let us say I decide to start a company, we’ll call it BS Company Inc. and I want to go public so I can sell shares of my stock. I don’t think this company will amount to a hill of beans but; I’ll buy a printer and some paper making it look real professional. Now I print up about $5,000,000 in stock offerings and put them on the Stock Market for sale. My Company is a little risky so I’ll keep the price low into the pennies or a dollar something. NOW, with this understanding visualize at this point a business and their Stock Market Cohorts (have the ability), to print money through stock offerings or another financial certificate even if they are selling an idea. They print the paper just like you and I have at our computer printer, they sell this fancy well worded piece of paper calling it whatever they want and exchanging it for money. This is also called printing money out of thin air. In many cases these companies file bankruptcy and you hold that silly piece of paper that someone else printed and exchanged for money, your money. So the difference is; when our government prints money it stays in circulation and is useful until it is burned up, drowns, lost forever or just wears out and needs replaced. You can see, in many cases, Our Government needs to print money. You can also see anyone with a printing press can print certificates acknowledging something like birth, death or honor and sell them for the price of the document plus a meager profit. When a person prints a piece of paper or millions of pieces of paper and sell them to accumulate millions, upon millions of dollars and many of these companies never survive long enough for investors to get their own money back. This is money printing at its worst and it is the reason our economy is always in trouble. This Stock Market having its own printing press for money through selling stock shares , (be them phony or real), has decided they no longer need Our Federal Government, they can print enough money and control the world. If we let them do this, Hitler lives again. There is a song about Hitler Lives, form the 1940”, The Stock Market is Always in trouble, so we better stick to Our Federal Government as Our leaders and our Security. The Stock Market would be our Gestapo of the worst kind. Vote your heart in 2012, if you vote your pocket book someone will sell you a bridge and you will be naive enough to buy it, like some of you did recently.

  • More Liberty5

    More government overreach. Individual Liberty takes a shot in the junk, while big government/ anti-liberty goons cheer. Mean while, the US government conducts war and can’t balance a checkbook.

  • GamblingNavigator.com

    People are going to gamble online anyways regardless what the government does! Ok, so they closed down the top 3 sites, wanna bet that there are already 10 other sites waiting to grab market share?
    Online Gaming should be regulated and taxed which will most certainly mean I nice chunky income for the US government and more security for US players, as their funds will be safer.
    Look at some European countries they have managed well ☺

    http://www.gamblingnavigator.com/

  • http://www.onlinecasinoselite.com Onlinecasinoselite.com

    The topic is the same everytime, some states want to ban gambling and poker, but in time they recognize that is a big error, gambling attract tourism, increment local profits and is a benefit for the state finances, don’t tell me that gambling addiction a may be a valid reason to stop online poker by politicians they exploit the citizens with all types of taxes.

  • http://www.onlinecasinoselite.com Onlinecasinoselite.com

    The topic is the same everytime, some states want to ban gambling and poker, but in time they recognize that is a big error, gambling attract tourism, increment local profits and is a benefit for the state finances, don’t tell me that gambling addiction a may be a valid reason to stop online poker by politicians they exploit the citizens with all types of taxes.

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