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National On The Web Gambling Bills Introduced to Congress

National On The Web Gambling Bills Introduced to Congress

Just one more bill has been introduced to Congress regarding online gaming; but will it pass?

We have talked a lot about how America is likely to be waiting for a while before they get any action that is federal online gambling regulation. That’s nevertheless most likely true, but it’s not due to a shortage of bills that may do the work.

Bills, Bills, Bills

Last week, Representative Jim McDermott (D-Washington) introduced a bill that would once again regulate on line gambling at the federal level, splitting tax revenues between the states that players live in plus the government that is federal. That bill joins two more introduced earlier this year by Representatives Peter King (R-New York) and Joe Barton (R-Texas), all of which are variations on the same theme: federal oversight and regulation of at least some forms of on line gambling.

McDermott’s bill is really suitable for King’s effort. The McDermott bill would enforce exactly how the taxation distribution from online gambling would work, with 12 cents of every dollar deposited reportedly being collected by governments at various levels. Two-thirds of that money would visit their state or tribe where in fact the gambler is playing, while the other third would head to the authorities.

The bill is more comprehensive than the Barton bill, which would just use to on-line poker. States could be able to choose in or out of the federal online poker plan under the


Gallery Heir Hillel Nahmad Guilty in Russian Mob Gambling Ring Saga

Gallery Heir Hillel Nahmad Guilty in Russian Mob Gambling Ring Saga

Hillel Nahmad, left, poses together with his daddy during happier times in front of a Picasso on display at a NYC gallery showing (Image supply: Arnaldo Magnani/Getty Images)

Playing poker well could be more of a art when compared to a science, but for one young member of an influential family in the art community, it ended up that gambling was not a great way to expand the household business.

Hillel Nahmad ( also known as Helly) pleaded guilty to a federal gambling fee related to the sweeping indictments earlier this year that brought down a gambling ring, one that included reputed Russian mafia members.

Show the Feds the Money

The plea bargain kept Nahmad from facing some of the most severe charges, but still needed him to forfeit significant assets. Originally, Nahmad had been faced with racketeering, gambling, money laundering, conspiracy, and some other crimes all of which were linked to his purported part as one of the leaders of the gambling ring.

The band it self was no small company. According to officials, the New network that is york-based in $100 million in bets, organizing secretive high stakes poker games and taking activities bets in the hundreds of thousands from celebrities and Wall Street billionaires.

In court, Nahmad noted that he was aware that the company he had started had turned into a major enterprise one that ended up being extremely unlawful.

‘Judge, this all started as a team of f


A later, Silk Road Returns; Is Bitcoin in Bed with Bad Guys month?

A later, Silk Road Returns; Is Bitcoin in Bed with Bad Guys month?

An average product sales web page from the Silk that is original Road now reconstructed; the site sells unlawful drugs, tools, and more.

Just one month after the FBI seized and shut down Silk path the net site understood as the of drugs, weapons and worse it’s back. Yup, in the annals of criminal history, this one has to be up there in the chutzpah department; it’s just like the capabilities behind the website are totally thumbing their collective noses at U.S. federal authorities.

Are Bitcoins and Silk Road Founders Aligned?

Even more shocking, brand new allegations connect Silk Road’s founder Ross William Ulbricht aka Dread Pirate Roberts until their FBI takedown last thirty days to your still publicly unidentified original creator of Bitcoins, the digital currency solely used to fund illegal products and services on the old and site that is now new.

The allegations found light after two Israeli scientists one a cryptographer readied a soon-to-be-published paper that claims that the FBI seizure in fact just got their arms on about 22 percent of the $80 million in commissions Ulbricht’s web site had garnered from sales of an estimated $1.2 billion; product sales on everything which range from assault tools to illegal narcotics of any kind and also for hit men services for hire.

Dorit Ron and Adi Shamir would be the two researchers who’ve brought these allegations to light, adding that they themse