Even more shocking though is that eBay wants to go further than Kim Jong-bob‘s legislation and have online gamblers prosecuted. Yes, eBay apparently wants you arrested for playing online poker.
Why would an online site which owns PayPal support congressional regulation of online activity and go as far as wanting law enforcement officials to monitor everyone’s online activity, including tracking IP addresses?
Well, according to policy analyst Radley Balko of Washington think tank, the Cato Institute, it’s all about protectionism. In an article posted over at Cato.org, Balko details the rise and demise of the original vision for PayPal, which eBay bought, ruined and now wants to, as Balko notes, “shield…from foreign competitors” like Neteller and FirePay, who aren’t subject to U.S. law.
You see, when eBay purchased PayPal, PayPal was feeling the heat from politicians, regulators and lawsuits at the time so eBay caved in and no longer allowed customers to use PayPal accounts for online gambling. That move opened the doors for foreign companies like Neteller and Firepay, who could cater to the needs of American online gamblers while not having to fear the wrath of Eliot Spitzer and his cronies.
Now it looks like eBay is sucking up to Fidel Goodlatte because he’s the chair of the Congressional Internet Caucus and because, if his bill becomes law, your bank will likely ban you from dealing with the likes of Neteller and Firepay, therefore effectively shutting PayPal’s competition out of the U.S. market while trampling over our freedom to do what the hell we want with our own money.
And consider this: PayPal has recently signed agreements with two online gambling sites in Europe to allow its services to be used by Europeans who want to gamble online.
So basically eBay wants the business of European gamblers while its wants U.S. online gamblers to be prosecuted.