US moves to end ban on online gambling.
- Thread starter sumohax0r
- Start date
Even if they do pass this regulation, many banks now have internal regulations in place to monitor online gambling heavily. I wonder if the banks will also follow suit in opening up again ... it would make sense if it makes profit ... but you never know ...
Banks had those regulations since online gambling was always a legal gray area in the US, but they do it now because of the law - The existing law doesn't really prohibit online gambling, it just prohibits financial institutions from transferring money to these "illegal" gambling sites.
I thought they banned this shit a long time ago... I know that I have a bunch of friends that still do it though (including an AM of mine that's addicted lol)
If USA players were granted access to online gaming sites it would make MANY millionaires overnight. Would definitely be good for my bingo site.
The laws prohibit banks, credit card companies and financial institutions from processing gambling related transactions. You can get around it, but you'd need to find a different way to pay and you'd probably have to go on a proxy.
You mean to tell me that the banks providing prepaid cards don't follow the law, but only the big banks that give you your credit/debit card do?
No, the flaunting of the law is done either by using intermediary transfer services whose main operations are not gambling related, or by gaming sites using front/shell processing accounts/organizations that aren't also directly tied to gambling. Not sure of the site, but one of my friends used to play a lot of online poker, and he showed me his credit card statement with his deposits being charged at "flower shops", "jewelry stores", and the likes.
Yeah their backend statements come up as something generic...
But my point is that your bank will shut down your account if you use their services to make deposits. HSBC warned me years ago if I used my debit card again for online gambling, they'd close my account.
But my point is that your bank will shut down your account if you use their services to make deposits. HSBC warned me years ago if I used my debit card again for online gambling, they'd close my account.
Doesn't really matter.. as long as Facebook and Google makes it illegal
They make it illegal because it is illegal. If the US gov't said "game on" you can be sure the advertising channels would open up.
No dude...
Selling tobacco is legal in USA, but still not allowed to be advertised on google.
Online bingo is legal in Australia, but still not allowed to be advertised on facebook.
Facebook currently allows tobacco/alcohol to be advertised so long as you are targeting overage people (I used to advertise free beer zip submits targeting college kids), so I think/hope Facebook would reconsider its position if online gambling was made legal again.
Google allows online gambling ads in any country where online gambling is legal, they have an internal team that deals with these clients and have a big presence in Israel where a lot of the marketing departments for the gaming companies are based.
They only allow it on the search network for now.
if this bill passes, google need a "gamble update" to their search index. Gambling spam will prolly take over the viagra
Yeah, he sure did. Mr "Freddie and Fanny are sound". Hey Barney, take that dick out of your mouth.
If they pass the bill, more $$$$$$$ for the affiliates!
This is sort of a true and false statement. It's going to be a LOT easier to sign up American players if OG becomes legalized. However, it's going to be a lot similar to what happened recently in France (French prepares legalize Online Gambling)
Right now it's not uncommon to receive a $150-$300 CPA for every US player you send. If the laws change and companies are given US Gaming Licenses then you can expect a handful of rooms to move to CJ and similar platforms and offer a $25 CPA. Now, the question is this - will that mean more money to the affiliate? Right now it's very difficult to make a deposit and that drives conversions WAY down. Also, you can't do much PPC (other than 2nd tier engines) so that's a whole new source of traffic - hella expensive and competitive.
Bottom line for this in gaming, regulation is a good thing. I think it makes marketing a lot easier, just less lucrative $$ per player.