The “qualified regulatory authority” is defined in this bill as:
A state agency or regulatory body qualified by the Secretary of Commerce (if the applicant is a state), or the National Indian Gaming Commission (if the applicant is a federally recognized Indian tribe), that has met minimum standards set by the Secretary and Commission.
The regulatory authority of an Indian tribe authorized to game under the Indian Gaming Regulatory Act.
The Office of Internet Poker Oversight that would be established by the Department of Commerce.
Allows a licensee to accept an Internet poker bet or wager from U.S.-located individuals and offer related services as long as their license is in good standing.
Initial licenses have a five-year life, and thereafter would be subject to renewal and transfer requirements.This bill establishes civil monetary penalties and authorizes qualified regulatory authorities to discipline poker sites that do not follow regualtions.
H.R. 2666 would establish programs to identify, prevent, and treat pathological and problem gambling. Poker sites would be required to track data on player behavior and share it with the public (after removing personally identifying information).
Licensed poker sites would be prohibited from using credit cards for Internet gambling, or accepting bets on games / events / activities that are outside the realm of Internet poker.
Punishment in the form of a fine, imprisonment up to three years, or both for certain rules of play violations. Such violations would include using tools, electronic devices, or software to obtain an unfair advantage or defraud a licensee or persons placing bets with that licensee.