What is the UIGEA?

crabby4 · Mar 16, 2011

I know it stands for Unlawful internet gaming enforcmenet act. But what does it mean exactly and is it a federal or state law?

mikejm · Mar 16, 2011

It's a federal law that makes it illegal for banks or credit card companies to send funds to poker sites.

Stick66 · Mar 16, 2011

crabby4 said:
I know it stands for Unlawful internet gaming enforcmenet act. But what does it mean exactly and is it a federal or state law?

Let me Google that for you.

Oil_Fan · Mar 17, 2011

It is the devil's law to prevent us from having legitimate fun.

Basically it prevents US banks from transferring funds to and from off shore casino's (poker rooms included). I don't know how some places like PS and FTP can handle the transfers but every now and then, one will start having issues out of the blue.

What's messed up about it is that gambling isn't illegal according to US law. Though some states ban it such as Washington state does. It's just the transfer of funds that's an issue.

KoRnholio · Mar 17, 2011

The law is mostly just to protect credit card companies and banks from the perils of doing business with offshore bank accounts. Essentially, poker rooms are just offshore bank accounts, which also happen to take bets and spread gambling games.

fletchdad · Mar 17, 2011

Oil_Fan said:
It is the devil's law to prevent us from having legitimate fun.

Basically it prevents US banks from transferring funds to and from off shore casino's (poker rooms included). I don't know how some places like PS and FTP can handle the transfers but every now and then, one will start having issues out of the blue.

What's messed up about it is that gambling isn't illegal according to US law. Though some states ban it such as Washington state does. It's just the transfer of funds that's an issue.

They should make prostitution legal, just make the transferring of fluids the issue.......

But, yea, it is messed up about the legalities surrounding online poker.

PokerPete · Mar 17, 2011

Stick66 said:
Let me Google that for you.

LOL!!!!!! ZOMG!!! Thank you Stick! You have no idea how many people are going to start getting these from me on a very, very regular basis!

Charade You Are · Mar 18, 2011

KoRnholio said:
The law is mostly just to protect credit card companies and banks from the perils of doing business with offshore bank accounts. Essentially, poker rooms are just offshore bank accounts, which also happen to take bets and spread gambling games.

LMAO - so people still are that naive?

Ya, that's why they passed it in the middle of the night attached to the Safe Harbor Act.

fletchdad · Mar 18, 2011

Charade You Are said:

nice bridge,.. How much???

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What is the UIGEA?

crabby4

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mikejm

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Stick66

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Oil_Fan

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KoRnholio

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fletchdad

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PokerPete

RIP Logic, Sanity, and Democracy

Charade You Are

you can call me Frost

fletchdad

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