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In April, the feds cracked down on online poker.
In September, they accused Full Tilt poker of being a global Ponzi scheme.
Soon, they may be legalizing the game, according to an article in the New York Times.
“It’s no longer a question of if, it’s a question of when it will be passed,” Jim Ryan, the co-chief executive of Bwin.party, which owns the poker site PartyGaming.com, tells the paper.
Of course, he is biased. But he’s not wrong.
There is too much money on the table for the federal government not to legalize it.
Before the crackdown, online poker was a $16 billion a year industry. Think of the tax revenues.
Instead, all of the money is going into offshore coffers. That’s going to change in the near future. We’d bet on it.
Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/S-vizb8ODL8/online-poker-inches-closer-to-legality-2011-10