Federal Unlawful Gambling Enforcement Act
- Thread starter Gregory
- Start date
EasyRhino
Well-Known Member
Yeah, looks like all cryptologic clients dropped US players at once. it will be pretty much a given from any publicly traded casino as well.
... while I don't doubt there will be holdouts, when you're only left with "unreputable" casinos, you're in pretty bad shape.
I'm trying to get in as many bonuses as I can before it all goes away
... while I don't doubt there will be holdouts, when you're only left with "unreputable" casinos, you're in pretty bad shape.
I'm trying to get in as many bonuses as I can before it all goes away
Interesting article on all the new online gambling law:
http://www.msnbc.msn.com/id/15265338/site/newsweek/ (Archive copy)
http://www.msnbc.msn.com/id/15265338/site/newsweek/ (Archive copy)
Casino Madness
I'm not sure why some casino's are dumping their US clients. The Bill that was passed targets the financial institutions, not the casinos. I've read the entire Bill and not one word about taking any action against a casino. No casino is at risk. If a US citizen choses to violate the law, then THEY are the one's at risk. PLUS, there will be 270 days before any procedures and guidelines are formalized. No one is at any kind of risk for the next 9 months or so. The only casinos at risk are those that were operating illegally even before the bill was passed. The Bill didn't add or change any law, it just addresses enforcement of existing laws.
This whole thing is ridiculous. The US is going to tell Neteller and Citadel to police US tranactions??? I doubt it.
This doesn't make any sense, especially when the biggest gambling game in the world is right there on Wall street...... Playing Blackjack is much less risky than trading Commodities!!!
I'm not sure why some casino's are dumping their US clients. The Bill that was passed targets the financial institutions, not the casinos. I've read the entire Bill and not one word about taking any action against a casino. No casino is at risk. If a US citizen choses to violate the law, then THEY are the one's at risk. PLUS, there will be 270 days before any procedures and guidelines are formalized. No one is at any kind of risk for the next 9 months or so. The only casinos at risk are those that were operating illegally even before the bill was passed. The Bill didn't add or change any law, it just addresses enforcement of existing laws.
This whole thing is ridiculous. The US is going to tell Neteller and Citadel to police US tranactions??? I doubt it.
This doesn't make any sense, especially when the biggest gambling game in the world is right there on Wall street...... Playing Blackjack is much less risky than trading Commodities!!!
Actually, while I understand the point you're trying to make, this law definitely does NOT make it a crime to play at an online casino. The crime is for a gambling entity to accept a funds transfer for purposes of Unlawful Internet Gambling, a phrase which is defined to be gambling over the Internet in violation of a Federal or State law.
You are correct in saying this doesn't actually outlaw any gambling that wasn't already illegal. However, it does now make illegal at the Federal level any transactions to states that have a specific state law against internet gambling.
Add to that the fact that the Justice Department already has a broader opinion of the law than the actual law will support, and you have a recipe for disaster for anyone who thinks this law is anything other than a prohibition. I think that many transactions even involving US citizens would be found legal under this new law in the courts, but I don't know anyone who wants to line up to be a test case.
You are correct in saying this doesn't actually outlaw any gambling that wasn't already illegal. However, it does now make illegal at the Federal level any transactions to states that have a specific state law against internet gambling.
Add to that the fact that the Justice Department already has a broader opinion of the law than the actual law will support, and you have a recipe for disaster for anyone who thinks this law is anything other than a prohibition. I think that many transactions even involving US citizens would be found legal under this new law in the courts, but I don't know anyone who wants to line up to be a test case.