US Outlaws Online Gambling

imaginaryelf writes, "As reported earlier on Slashdot, in the closing hours of the US Congressional session on Friday, September 29, the Unlawful Internet Gambling Enforcement Act of 2006 (H.R.4411.RH) was attached to the Safe Port Act of 2006 H.R.4954.EAS. To the surprise of many, the bill passed both the House and the Senate, and Bush is expected to sign it into law this week. This effectively outlaws online gambling in the US, by way of making it illegal for credit-card companies to collect payments for bets. The financial markets punished the stock of online gambling companies as some prepared to pull out of the US entirely."

Comments

Re:I Feel so much safer

[fyngyrz]

A) The government doesn't have to accept your money as legal tender. Expecially if they don't recognize you as a viable foreign governmen

That's fine. I'm not interested in giving them any, anyhow. They're not actually doing anything on my behalf. They only pretend to.

B) The money you are currently using daily is the property of the government.

Actually, that is not the case. You might want to look into alternative means of exchange as well.

C) The government can regulate its own property.

I have never entered into any agreement (signed, sworn, affirmed) with the government for the use of its presumptive property. Therefore, it has no legitimate hold over me to enforce any regulation whatsoever in that regard. What it has is power, as I said before. That said power is entirely illegitimate make it no less effective at this point in time.