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Anti-Gambling Law Passed - Beware Affiliates

Discussion in 'General Affiliate Marketing Forum' started by Linda Buquet, Oct 2, 2006.

  1. Linda Buquet

    Linda Buquet Affiliate affiliate

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    Below is todays 5 Star blog about it...

    A big concern I have for affiliates in the gambling space is whether some of these companies will go out of business and not pay you. That's one of the reasons I recommend affiliates not play in the PPC
    (Pills, Porn and Casino) industries. If legislation makes it rough, companies can go under and I think it's even possible that some bigger affiliates could get in trouble for promoting sites like this. It's happened before.

    From the 5 Star Blog

    Internet Gambling Law Passed - Plummets Stock Market by 7 Billion

    In a shock move the US has passed the Unlawful Internet Gambling Enforcement Act over the weekend making life almost impossible for gambling Web sites. <strong>WebmasterWorld affiliates are discussing the ramifications </strong>"What could change now is that operators stop taking bets from U.S. players because they don't want to run afoul of the U.S. government. If that happens, it could be that nobody goes to jail, but that affiliates' livelihoods are ruined (many operators too, probably) " says MichaelBluejay <a target="_new" href="http://www.webmasterworld.com/webmaster/3103218.htm">in this thread</a>.

    The stock market was hit hard too with shares of PartyGaming, Sportingbet and 888 Holdings plummeting and<strong> wiping out $7 billion </strong>of market value. Wow that's a lot of money! The U.S. accounts for around 1/2 of the $12 billion Internet gambling market and now the US considers the industry illegal. Lots of big stories about it on<a target="_new" href="http://news.google.com/news?sourceid=navclient-ff&ie=UTF-8&rlz=1B2GGGL_enUS176&q=gambling">Google News</a> if you want to find out more.
     
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  3. DomainMagnate

    DomainMagnate Affiliate affiliate

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    yeah thats some really bad news, but it's not that bad in fact.

    The law prohibits US credit card companies and banks transfering funds to online gambling sites, but there're always ways around it, like using intermediate payment systems.
    I highly doubt people will stop gambling because of the law, but it will probably be taugher now.

    Besides that, there're still other countries except US hehe :p
     
MI