While the idea of the implementation of the UIGEA has filled everyone’s hearts with dread within the United States industry of online casinos for a number of months or even years, it is now finally gone into effect. Its aim is to prohibit all financial institutions such as banks and credit card companies from being able to transfer funds to online casino and poker sites. Will the limitation of this law may come as a major blow to Internet casino gamblers in all corners of America, there are still many efforts being made right now within Congress to push for the repeal of the UIGEA and the implementation of laws that would regulate, tax and legalize activity at Internet casino sites.

Percent its creation, the UIGEA. has been a super controversial piece of legislation. It was past all the way back in 2006 but came across a number of bumps in the road that hindered its implementation for quite some time. The law states that no person engaged in the business of betting or wagering may knowingly accept unlawful gambling credit.

Unlawful gambling is defined as the process of placing, receiving or transmitting a bet or wager by means that involve the use of the Internet where such that or wager is unlawful. Although it may seem like a dark day for fans of online casinos in America, it is important to remain optimistic about what the future holds for online gambling in our country. There’s still time and opportunities for us to work hard to lobby and repeal this terribly ineffective and unfair law.

Tags: american gambling laws, UIGEA

This entry was posted on Sunday, June 27th, 2010 at 6:59 pm and is filed under Online Gambling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.