What will the effect of the UIGEA be on 12/1/2009 implementation?

[topgame85]

Will this end up severly affecting the industry? Will all books be forced to get people in the US to buy money orders and send them out in place of checks? Will **/** still be as easily obtained or will books have too many requests to get them out in a timely fashion........... Will nothing happen effectively and everything remains the same? What is the feel in the industry and any rumors/speculations on this all?

[Hotdiggity11]

I doubt much will change and hopefully, by the middle of next year, Barney Frank's bill will pass to regulate.

[ryanspeer2001]

Any links or reading material for us?

Thanks for the updates topper.

[topgame85]

Frank's bill excludes sports gambling, it only allows for poker really as horses from US sites are already legal......... If frank's bill passes US sites will spring up for poker/casino so there will still be a strict eye on foreign transactions maybe even more so than before as it will affect the governments cut of gambling revenue

[topgame85]

Any links or reading material for us?

Thanks for the updates topper.

I'll see if I can track some info down, I posed the question due to a post in the industry section from a poster claiming to have received letters from his banks saying that any checks suspected will be investigated funds seized and bank accounts close

[Hotdiggity11]

Frank's bill excludes sports gambling, it only allows for poker really as horses from US sites are already legal......... If frank's bill passes US sites will spring up for poker/casino so there will still be a strict eye on foreign transactions maybe even more so than before as it will affect the governments cut of gambling revenue

Thanks for the info. I'm a poker player first and foremost so our community in 2+2 and Pocketfives are excited about the possible return of Party Poker, Paradise Poker, etc etc. Obviously Sportsbetting still has a stigma about it over all the past scandals.

[konck]

Barney Franks

[topgame85]

http://blog.ixgames.com/barney-frank-asks-government-to-delay-uigea/

Attemots to delay implementation not going well decent article here, could be serious bad news for guys who use checks

[topgame85]

http://www.playwinningpoker.com/online/poker/legal/uigea/

here is the actual text of the bill as to what is expected from financial institutions

[Hotdiggity11]

Barney Franks

He is an asshole most of the time but is the greatest ally for online gambling.

[topgame85]

I wonder if Frank realizes that he can't get the legislation through so he is playing the ppa for contributions and support............... I hope it can get through so poker is legit and regulated but don't know how it will play out

[Hotdiggity11]

Poker has a good shot since it is largely considered a game of skill and thus a possible occupation. Online poker is big business.

[topcat]

Will this end up severly affecting the industry? Will all books be forced to get people in the US to buy money orders and send them out in place of checks? Will **/** still be as easily obtained or will books have too many requests to get them out in a timely fashion........... Will nothing happen effectively and everything remains the same? What is the feel in the industry and any rumors/speculations on this all?

i dont think this bill has been a killer,but it has put a dent in the industry.the time frames for withdraws are taking longer.pinnacle,bowmans,and vip pulled out of the america market.i know vip still has america citizen,but its for people that had a account their before.i wish the christan coalition,and bill frist would get the hell out of this country.what people do with their own money is their business. need more barney franks.

[topcat]

Poker has a good shot since it is largely considered a game of skill and thus a possible occupation. Online poker is big business.

the best thing going for the poker players is that they have strong lobyist,and we the sports gambling have none.

[beach nut]

Sports betting does need a lobbying group. Horse bettors are exempt from UIGEA regulations because they had a voice in congress. Sports bettors need the same thing. Then maybe we could eventually over turn the Wire Act, or at least fully expand wagering online and in all the states that want to allow it. Deleware came extremely close but no one spoke up against the ridiculous appeal filed by the NFL, NBA, MLB, etc.

[topcat]

Sports betting does need a lobbying group. Horse bettors are exempt from UIGEA regulations because they had a voice in congress. Sports bettors need the same thing. Then maybe we could eventually over turn the Wire Act, or at least fully expand wagering online and in all the states that want to allow it. Deleware came extremely close but no one spoke up against the ridiculous appeal filed by the NFL, NBA, MLB, etc.

david caruthers of bet on sports,and the guy that ran sportsbook,com went to congress to try to talk about the good parts of gambling but they didnt want to hear it.afte the uigea bill was pass these two guys came over and got arrested,at the same time their companies they represented were trading leagly on the london stock exchange.i hate this ****ing country sometimes.

[Slim]

Thanks for the info. I'm a poker player first and foremost so our community in 2+2 and Pocketfives are excited about the possible return of Party Poker, Paradise Poker, etc etc. Obviously Sportsbetting still has a stigma about it over all the past scandals.

Poker scandals are worse like Absolute and Ultimate Bet. Annie's bf won the biggest tourney on UB and people are supposed to believe it was fair?