[Boddie]

HH and Stevo,

Who do you think would still be around (of the current US offshore books) if every US citizen could log into their MGM account and get down?

I'll start this one out. The likes of CRIS, Greek, and any other -110 shop would fold up. Hell, they are on thin ice with post up as it sits now. Then that leaves you reduced shops/exchanges, and depending on how competitive the "new mega regulated books" want to get with juice amongst each other in the mad scramble for this new market share, a Pinny might make it for a while? Pinny would probably fold if it did not come stateside quickly and join the bunch in regulation. Pinny would also be forcibly introduced to new and VERY expensive advertising that it has never had to deal with, and oh....let's not forget about those new taxes that the US will come knocking for. All of a sudden these factors have our attention if were a shop offering reduced juice. Then I imagine all the "new mega regulated books" would soon scramble to develop their own exchanges and the rest will just play out...ect..ect...

Also, for those of you who think Pinny has no "chinks in the armour", who would they bet out with now if they in fact do this as many speculate in their operating model? Perhaps a "symbiotic lifecycle" would be disrupted here???No my friends, regulation would be the beginning of the end for any shop sitting offshore. I'm sure even Calvin would receive an offer he couldn't refuse.

Nice topic. Thanks