The new law to curb gambling over the Internet has one good thing going for it: It won’t work. The American government will soon realize that the European market has the right idea; tax online gambling, not abolish it.
Read more about how the Unlawful Internet Gambling Enforcement Act won’t work.
Contrary to early press reports, Congress has not banned online gambling. The Unlawful Internet Gambling Enforcement Act defines “unlawful Internet gambling” as online wagering that already is prohibited by state or federal law. It explicitly does not expand the category of forbidden gambling.
A press release by NETeller in regards to U.S. players depositing funds has stated that they will still be allowed to deposit using Neteller until July 10th, 2007. NETeller has also put together a slush fund which will ensure that everyone’s money will be safe and guaranteed no matter what happens. The announcement ensures that NETeller will comply with the UIGE Act when it eventually goes into effect.
Read more about NETeller’s commitment to American online poker and gambling players.
Multiple online poker sites have begun to make official statements whether they are still in the US market or have chosen to leave. At the same time Financial Processors have also made their statements and companies such as Neteller will continue serving the US markets.
Read more about which online deposit processors are still accepting American poker players
On 30 September 2006 the US Senate passed the “SAFE Port Act” which also contains a section referred to as the “Unlawful Internet Gambling Enforcement Act of 2006”. As a result the online gaming industry has been in flux with misconceptions and ill informed assumptions. The Card Player Legal Counsel has broken down all the main issues.
Read more about how the legal landscape of online gambling has not changed
Players are each subject to both the laws of their state and of the federal laws. The language of the statute confirms that this new law does not change existing gaming law. The new legislation will be hard pressed to be enforced by the law. In all practical terms, the new legislation will be virtually unenforceable.
Read more about State Law and the Unlawful Online Gambling Act
Thousands of online Poker players are uniting on a petition started by Jim Perkins a Santa-Monica based finance lawyer. Perkin’s petition has been featured on CardPlayer.com and CardPlayer.com’s forum to provide online Poker players a place to voice their disagreement with the recently passed Safe Port Act an anti-online gambling legislation.
Read more about Jim Perkins’ Petition against anti-online gambling legislation
NETeller, a more commonly used depositing and withdrawal method for online poker sites, has decided to continue to support its United States clients amidst the controversial passing of the Port Security Bill. This is great news for us American online poker players, as it provides us with another alternative for depositing and withdrawing our poker winnings. I have attached an article below that includes NETeller’s official statement.
Read more about NETeller continuing to do business in America