After reading the new release of the UIEGA (Unlawful Internet Gambling Act) located here : http://www.treas.gov/press/releases/reports/noticeofproposedrule.pdfÂ , It appears obvious they do not want to put much effort into enforcement.Â Although its better than a tough act its still a large thorn in the sides of Online Internet Gambling operations.Â Key points are bland, if not totally reduced to nothing such as..
What is illegal? – Nothing new really, refer to state and federal laws as the UIEGA will not describe what is or is not legal.Â Â (point being the only illegal form of Internet gambling is not on the Internet, but voice over the phone due to the Wire Act)
What payment processors are to be blocked? – All that conduct transactions that can be positively proven to break #1 (although its impossible as #1 is not specific)
What will be the penalty for financial institutions? – Well #2 can be positive as #1 is impossible, this makes #3 pointless.
Will Online gambling go back to pre UIEGA standings? – No, this is still a big issue although it hasÂ -0- merit.
Â My thoughts are this is designed to be in the back pocket of these corrupt boys in Washington, asÂ it allows them to say they did something, and collect payments from the likes of Harrah’s and such.Â I am sure it will also be used in harassment of operators but there is a lot for a good legal team to destroy in this pile of crap.Â Do not upset the druids by printing this garbage on paper.