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DATE: May 24 2012
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Poker.co.uk - Poker News Archive

Monday 17th November 2008

Republicans To Push UIGEA Through

The Federal Reserve alongside the Department of Treasury yesterday published the final rules implementing the Unlawful Internet Gambling Enforcement Act, trying to ensure instalment of the act before President-elect Barack Obama is inaugurated next year. In fact, the act comes into force the day before his January 20th ceremony. The publishing is essentially a last work-over, addressing concerns with and commenting on the bill. One major alteration is to grant nearly a year before those companies concerned will be held accountable for transferring to online casinos. This change was introduced to satisfy a complaint that financial centres other than credit card companies were not properly set up to review individual transactions to detect illegal gambling. One group with a big gripe is online poker players – it was found that poker is legally defined as a game of chance, despite the inherent skill element required to be a long-term winner. Meanwhile games such as horse-racing and fantasy football remain games of skill.

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Source: OnlineCasinoNews

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