This week on my Final Table poker radio show, Dennis Phillips and I had a comprehensive discussion about the online poker regulation and licensing bill that Senate Majority Leader Harry Reid is trying to pass in the last two weeks of this lame duck session of Congress.
In our in-depth analysis, we explained:
the 15-month period in which no online poker sites will be allowed to operate in the US;
which sites could be licensed to operate after that period, and which might have to sit in a "penalty box" for another year after that;
how online players in some states may never be able to play legally;
how the sites and the players will be taxed
how big tournaments like the WSOP and televised poker shows like "High Stakes Poker" will be affected;
what this means for poker in general in both the short-term and long-term;
and much more.
While a new draft of the bill is still being revised, this is the latest information on what could happen if the online poker bill is attached to other major legislation, passed by congress, and signed by President Obama -- which could happen in the next 2 weeks.