Manne wrote:
Sen. Robert Menendez, D-N.J. is set to introduce legislation Thursday seeking to regulate and tax, rather than ban, online poker, according to an aide to the lawmaker.
It would establish a regulatory framework that would allow online poker companies to register in the U.S. It would put in place consumer protections such as ensuring an individual is logging on from a jurisdiction where gambling is legal, and having accurate age-verification procedures.
The legislation would require other safeguards protecting against compulsive gambling, fraud and money laundering and ensuring the fairness of games.
A 10% tax would be collected on all deposits made by players to gambling sites, with the proceeds split evenly between the state and federal governments.
:dirol
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2006/12/20
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