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ChiliPoker Set To Show US Online Gambling Laws Are A Joke

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The US government continues to keep prohibition of online gambling in place in the country, meanwhile, other countries have moved towards regulating the billion dollar industry. Now, as the prohibition continues, ChiliGaming is about to show once again just how ridiculous the current US laws are.

ChiliPoker will begin pulling revenue from US online poker players sometime in 2011. The site operates as a subscription-based website, where customers can pay a monthly fee, then participate in tournaments in which cash and prizes are given out to the winners. It is something that has been tried in the past in the US, but has been mostly unsuccessful.

The Unlawful Internet Gambling Enforcement Act of 2006 does not criminalize online gambling. There will be no money being exchanged at the poker tables at ChiliPoker in the US, and therefore the subscription service appears to be legal under US law. It is another example of how foreign companies are still gaining revenue from US online gamblers, while not having to deal with regulations.

Representative Barney Frank has been pushing to have the UIGEA overturned. Frank believes that US citizens should have the right to gamble from their homes in they choose to do so. Frank also would like to see these gamblers protected by the government against any fraud or unhealthy practices within the industry.

The World Poker Tour has ClubWPT, a subscription-based online poker site. It is estimated that the site has over 16,000 subscriptions. That figure is low compared to the millions of Americans that are sending their money to offshore poker sites. There are some financial risks associated with online poker subscription sites.

While the WPT site has thrived, others have failed when attempting the subscriptions. Many online players enjoy playing in cash games as opposed to tournaments. The cash game players will continue to frequent sites such as Full Tilt and PokerStars. ChiliPoker, believes that their business model can work in the US.

Whether it works or not, it is yet another example of how despite current US laws, US residents will continue to find ways to gamble online. The move by ChiliPoker is another reason why Rep. Frank and other lawmakers should continue to seek changes to the current Internet gambling laws in the country.

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