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LPP Online Poker Regulation Proposals

LPP Online Poker Regulation Proposals

Postby Admin » Sun Sep 06, 2015 10:23 am

Players have often asked me exactly what I believe in with regards to Online Poker regulation so here it is

* subscription sites (such as GPokr) should continue unregulated as is, and on the conditions their fees are time based not chip based, and that 'free/trial' accounts expire after 1 month (which discourages teenage problem gambling) and that no account is ever deleted before 12 months notice.

* regular online sites that are to be regulated (on the following conditions) in their country of origin must and can only verify player age through 3rd party vendors residing in the same country of whom are not authorised to share any of your info besides your age, country and player identity number to the/each operator that they are affiliated with, one time. Players cannot delete their identity numbers but they can try their luck obtaining new ones (if necessary) from different companies which would usually mean not playing at the desired site. But not always. Partnerships in business can dissolve.

and on these conditions-

-that real money accounts cannot be deleted or charged for inactivity before 5 years. Prior notice doesn't need to be given in this case however these terms must be made clear on the operator's site. An operator cannot confiscate balances for inactivity, nor can they charge fees which are higher than the country's biggest bank. On death, only a spouse would have a legal claim to any remaining balance, but after 5 years of inactivity it's within the operator's rights to donate it to any not for profit charity within the country.

-that (if any) player tax applied can only be a sales/rake tax. The profits of which are untaxable because evidence is unattainable (in a casino which is a different version of the same sport). There can be no double taxing of poker, so all winnings/cashouts are presumed tax free. The future of poker is as a sport, so online operators shouldn't be taxed like an ordinary business. In fact, with unlimited licenses in an infinite market, I'd be surprised if more than 1% of operations were lucrative. So taxes are only sourced from rake and fees and via the licensing.

-that every single poker tax penny goes into a trust managed by an independant welfare agency who must spend every dollar equally on outsourced social programs otherwise abandon the program. Poker players elect the independent body annually which draws a minimum wage. They are elected anonymously via player accounts meaning multiple voting is allowed.

-that only quantum RNG's be used and be run from a seperate government server which will house them all, and can even seed from each other. Only regulators will have access to reverse engineering codes/real time output and won't pose a cheating threat if the control room is fitted with satellite cameras which will securely stream live to different governmental departments simultaneously. The regulators aren't permitted to play poker online and as such will be regulated themselves by way of random checks of the 3rd party I.D. verification services where civil officers of the Attorney General can inspect and view (only) all information of their databases (only) without notice (but only in the presence of an authorised employee), and collect information when with a warrant for criminal investigation. This way, the poker sites themselves will require less oversight in quantitative terms. The Attorney General's office will have the power to impose fines against these 3rd party vendors for breach of standards (such as accepting too much fraudulent documentation) therefore they may be requiring a permit that sets out standards to begin.

-that each country's regulator only has advocacy jurisdiction for players that are permanent residents of that country.

-that we welcome players from all over the world where either gambling or poker is legal and that offshore sites aren't to be blacklisted or filtered either (in general). Let their regulators deal with them, that's the whole point of all this. Poker is a global sport and that's the way we prefer it. There's no stopping it, in it's classic form.

Our policy on underage poker players can be found within this thread

These are the only conditions for which we can support online poker's regulation currently, especially in Australia.
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