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-   -   Unlawful Internet Gambling Enforcement Act officially takes effect today (https://gfy.com/showthread.php?t=971156)

slayer69 06-01-2010 06:28 AM

Unlawful Internet Gambling Enforcement Act officially takes effect today
 
Quote:

Today the Unlawful Internet Gambling Enforcement Act (UIGEA), which was passed in 2006 as part of the SAFE Port Act, officially takes effect. What does that mean for online gamblers in the United States?

Not much, to be honest. The law makes financial institutions responsible for blocking transactions related to ?unlawful? online gambling, though it doesn?t outline what is unlawful. UIGEA does not constitute a federal ban on online gambling and no such ban exists, though some states do have a ban on the books. Players cannot be punished under UIGEA; only the financial institutions can.
http://www.gamblingreviews.com/news/...ns-to-you/975/

Naechy 06-01-2010 06:54 AM

terrible results, i am disappointed

Fletch XXX 06-01-2010 06:56 AM

free country my ass

Paul Markham 06-01-2010 07:37 AM

Time to make sure your processor is not taking money from gambling.

InfoGuy 06-01-2010 07:43 AM

Ironic since the US government now has sizable stakes in the largest US banks. This dumb law should be repealed.

slayer69 06-01-2010 07:43 AM

eCredit Daily: Card Networks Must Now Detect Betting

Quote:

Beginning June 1, credit and debit card processors must have "reasonably designed policies and procedures" in place to detect if U.S. transactions are tied to bets placed with Internet gambling sites, according to a finalized rule by the Federal Reserve.
http://www.gambling911.com/gambling-...ng-053110.html

lazycash 06-01-2010 07:52 AM

Had one of my bank accounts closed last week for making deposits to Pokerstars.

seeandsee 06-01-2010 07:56 AM

I hope usa players will get their way in to online gambling one day, it's much fun on holdem then :)

punkpred 06-01-2010 07:59 AM

Quote:

Originally Posted by Paul Markham (Post 17196136)
Time to make sure your processor is not taking money from gambling.

That's right, this could be an interesting development.

Wizzo 06-01-2010 08:01 AM

Yea, Fulltilt isn't taking CCs from US players anymore, so guess I'm going to have to keep my game strong so I don't have to reload...:winkwink:

Marcus Aurelius 06-01-2010 08:19 AM

With WorldCup coming up, what's a good site to place bets online?

paymeback 06-01-2010 08:24 AM

Quote:

Originally Posted by Wizzo (Post 17196282)
Yea, Fulltilt isn't taking CCs from US players anymore, so guess I'm going to have to keep my game strong so I don't have to reload...:winkwink:

Or just use one of the other 50 ways to deposit?

slayer69 06-01-2010 08:33 AM

Quote:

Originally Posted by Marcus Aurelius (Post 17196332)
With WorldCup coming up, what's a good site to place bets online?

www.sportsbook.com :thumbsup

Ravage 06-01-2010 08:34 AM

Not much will change that hasn't already been happening the past four years.
The day the bill was passed shadily on the back of the Safe Port Act, the FBI has been arresting and confiscating gaming funds.

They arrested the founders of NETeller the moment they landed in the US to catch a connecting flight. That sent shockwaves throughout the gaming industry to the point nobody A) flies into the US and b) routes their money thru US intermediaries.
A lot of it was based on working to enforce the old wire act and money laundering, but the UIGEA pushed the resolve forward now that they had this bill passed.

Online poker companies tried to make a stand saying they weren't gaming, but got bitchslapped and funds seized.

The US had an opportunity to make a shit-ton of money on tax/fees, similar to how the EU imposed the VAT onto gaming transactions. Instead, they choose to listen to bible-thumping govenors and sneak the UIGEA on the back of a bill that was going to get signed no matter what. One can't help wonder if they went ahead and legalized it, charged taxes, how much it would have lessened the blow on the economy.

In 05/06, online gambling was hitting a consolidation phase. Public gaming corporations were forming and purchasing up smaller ones, like SportsBet and VIP etc. The industry was pushing for more legitamecy and the law destroyed that.

marcop 06-01-2010 08:50 AM

Hey, it's my money--why can't I spend it on gambling if I want?

Fletch XXX 06-01-2010 09:17 AM

Quote:

Originally Posted by marcop (Post 17196520)
Hey, it's my money--why can't I spend it on gambling if I want?

this can be said about lots of things, including drugs where no one is harmed but the gov wants you to do as they say.,

InfoGuy 06-01-2010 11:19 AM

Quote:

Originally Posted by Adult Rental Chris (Post 17196414)
The US had an opportunity to make a shit-ton of money on tax/fees, similar to how the EU imposed the VAT onto gaming transactions. Instead, they choose to listen to bible-thumping govenors and sneak the UIGEA on the back of a bill that was going to get signed no matter what. One can't help wonder if they went ahead and legalized it, charged taxes, how much it would have lessened the blow on the economy.

The religious right are a bunch of fucking hypocrites. Church bingo is considered fundraising, but any other form of gambling is a sin.

Fletch XXX 06-01-2010 11:31 AM

Quote:

Originally Posted by InfoGuy (Post 17197357)
The religious right are a bunch of fucking hypocrites. Church bingo is considered fundraising, but any other form of gambling is a sin.

dont forget state lotteries, old fucks play that shit religiously, no pun intended.

sperbonzo 06-01-2010 11:45 AM

Quote:

Originally Posted by InfoGuy (Post 17197357)
The religious right are a bunch of fucking hypocrites. Church bingo is considered fundraising, but any other form of gambling is a sin.


Actually, it was really initiated by the state department. I was involved when gaming was still legal, and I was around for some highish-level discussions with the major players. The government's stance was that it was too easy of a way to transfer funds without oversight.

Say for example you wanted to get a large amount from your group in the middle east, to another group inside the US. Using wires, western union, etc... is too carefully watched. Instead you set up a gaming site, rig it so that someone loses a million dollars in Egypt say, and someone in the US wins a million. Now the money has been transferred without proper oversight (according the the government guys that were speaking to us)

I'm not saying that I agree with the government on this, but the control of international funds transfers was the biggest reason why this went through, nothing to do with the religious right.


.:2 cents:

Sly 06-01-2010 12:11 PM

Quote:

Originally Posted by lazycash (Post 17196246)
Had one of my bank accounts closed last week for making deposits to Pokerstars.

Seriously? Guess I'll have to stop. :-(

Ravage 06-01-2010 12:31 PM

Quote:

Originally Posted by sperbonzo (Post 17197521)
Actually, it was really initiated by the state department. I was involved when gaming was still legal, and I was around for some highish-level discussions with the major players. The government's stance was that it was too easy of a way to transfer funds without oversight.

Say for example you wanted to get a large amount from your group in the middle east, to another group inside the US. Using wires, western union, etc... is too carefully watched. Instead you set up a gaming site, rig it so that someone loses a million dollars in Egypt say, and someone in the US wins a million. Now the money has been transferred without proper oversight (according the the government guys that were speaking to us)

I heard this too but never bought that case study. This was so fresh after 9/11 that all you had to do was say its 'anti-terrorist' and you'd get approval without debate..
Too me what stuck out was that there still many simpler ways to transfer money outside of setting up a 'casino site'.


Quote:

I'm not saying that I agree with the government on this, but the control of international funds transfers was the biggest reason why this went through, nothing to do with the religious right.
I'd honestly have to go back and research some old stuff, but I remember some prominent senators that were pushing and supporting this through the years and all the re-writes. Its also so hypocritcal because they made sure to state that Horse racing, Online lotteries and Fantasy sports were not included in the law, and to make sure the Federal Wire Act wasn't referenced. What really irks me is how they snuck it onto the SAFE port act after it was passed by the senate without having the UIGEA on it. Very shady tactics for a law that doesn't even define what 'unlawful Internet Gambling' is.

Titan 06-01-2010 03:32 PM

Quote:

Originally Posted by sperbonzo (Post 17197521)
Actually, it was really initiated by the state department. I was involved when gaming was still legal, and I was around for some highish-level discussions with the major players. The government's stance was that it was too easy of a way to transfer funds without oversight.

Say for example you wanted to get a large amount from your group in the middle east, to another group inside the US. Using wires, western union, etc... is too carefully watched. Instead you set up a gaming site, rig it so that someone loses a million dollars in Egypt say, and someone in the US wins a million. Now the money has been transferred without proper oversight (according the the government guys that were speaking to us)

I'm not saying that I agree with the government on this, but the control of international funds transfers was the biggest reason why this went through, nothing to do with the religious right.


.:2 cents:

Bullshit. They have been trying to sneak in anti-gambling stuff for years. Simply look at who this benefits from this and you will know who got it through.

> Bible thumper nut jobs
> Vegas
> Indian tribes
> anybody who thinks this will steal US money

Sosa 06-01-2010 03:40 PM

Quote:

Originally Posted by Marcus Aurelius (Post 17196332)
With WorldCup coming up, what's a good site to place bets online?

I like using 5 Dimes

kane 06-01-2010 03:53 PM

My bank hasn't let me use my debit card on a poker site in years. It is possible that they started doing that as soon as the law was passed. Either way, it is a stupid law. The government's job should not be to protect me for me.

$5 submissions 06-01-2010 09:23 PM

Fucking horseshit. At least make US-only online gambling legal cuz, let's face it, the fed govt needs it. Some states are already trying to enact intrastate online poker legalization bills.

PornMD 06-01-2010 09:42 PM

Quote:

Originally Posted by Adult Rental Chris (Post 17197762)
I'd honestly have to go back and research some old stuff, but I remember some prominent senators that were pushing and supporting this through the years and all the re-writes. Its also so hypocritcal because they made sure to state that Horse racing, Online lotteries and Fantasy sports were not included in the law, and to make sure the Federal Wire Act wasn't referenced. What really irks me is how they snuck it onto the SAFE port act after it was passed by the senate without having the UIGEA on it. Very shady tactics for a law that doesn't even define what 'unlawful Internet Gambling' is.

That is precisely what it is - largely horseracing and state lotteries. That's why Kentucky has been the one state to really take the reins and try to fuck online gambling sites - because horseracing is like soo important to them. Fucking hicks, get with the times.


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