There has been a lot of commotion going on since this law came into effect. In the past week I have seen several companies dissolve all their stock and become private companies again as well as others who just decide to no longer accept U.S. resident bettors. Several companies have been forced to downsize and put many people out of work. In my opinion the United States will go after all the public companies first to give them a scare…next will be the smaller private shops…The main way the USA plans on completing this mission is by shutting down “money in” and “money out” methods. They plan on eliminating all the small shops so that the publicly traded companies will one day pay them taxes. It’s a lot easier to track several large companies than it is to track and tax tons of private companies. I predict that the betting industry will revert to what it once was…local bookies and agents. You go and meet your bookie once a week to get paid or pay and Uncle Sam has no idea that a money transaction ever took place. My advice to all; start looking for a solid local out!!
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