Regulation

The issue of regulation

Make no mistake, Congressman Goodlatte does not want regulation, he wants a total ban on any form of online gambling. Make no mistake, Congressman Goodlatte sits on the other side of the fence if you are vaguely inclined to either like online gambling or simply the freedom of choice.

However, Congressman Goodlatte is only one person. Many other Congressmen see things differently. We need to show them that there is an alternative. Regulating the industry will provide tax income of significant proportions, and will also ensure that very high standards are kept with regards to:

Detection of problem gamblers
Detection of minors attempting to gamble
Suspicious transactions
Money Laundering

To this end, we invite the owners of the online casinos who are accused of perpetrating these terrible deeds to complete and fax the following declaration back to is. We will scan this declaration and hyperlink it to the casinos name, thereby demonstrating to the world their complete rejection of the claims made by Congressman Goodlate and Boucher. We will list these casinos on our Industry Comment page.

To whom it may concern

We declare that:

We do not act as a front for money laundering
We do not act as a front for terrorism funding or activities in any way
We are aware of the strict standards required in terms of the Patriot Act. We believe we can fulfil these "know your customer" requirements thereby obviating the threat that our casino might be used by undesirable elements to generate funding for themselves.
We do not condone gambling by minors and do have measures to detect this
We are aware of the consequences suffered by problem gamblers and their loved ones. We do have measures in place to detect these people and help them
We do wish to see online gambling legalized and regulated in the United States of America
We are currently licensed under the laws of xxxxxxxx and are thus not, as has been claimed, illegal casinos

We declare that the above is true and correct

Signed

XXXX Casino

What are the benefits of Regulation?

Well, the obvious benefit for a start is that the government is put in a position to receive income from the profits generated. The other benefits are not as tangible to the government but are surely tangible to the people and the industry. Groups who have expert knowledge about gambling problems would be able to be a part of the online casinos daily life. They could council the casino support staff on how to handle situations that can occur. Regulation of the channels in which way these casinos are funded could be used to help identify those minors who simply love to test any system for weakness. Most of all though, through collaboration and cooperation, any attempt by a terrorist group to use the system could be detected and avoided with the aid of all those experts who could be called in to help and create an excellent model.

Is this really a pipe dream? Why not ask the government of the United Kingdom if they believe the industry can't be regulated! Look here. Why is it that they can see the potential and Congressman Goodlatte sees only a brick wall?