Heading for the last moments were the Poker Players Alliance (PPA), U.S. Treasury, or Federal Reserve, the regulations of the Unlawful Internet Gambling Enforcement Act (UIGEA) that will come together for the compliance on Tuesday, June 1st.
Back in November, the Treasury and Federal Reserve gave a 6 months delay in the mandatory industry compliance with the UIGEA’s conditions up to the first day of June. On May 25 the officials of PokerTime sent e-mail to the members which states that, , “Due to legislative changes in the USA as of June 1st, 2010, PokerTime will no longer be accepting bets from U.S.-based players. All players’ balances in excess of $20 will be cashed out on the 31st of May 2010. We thank you for your support and patronage and look forward to continued success with you in other marketing territories.”
UIGEA do not allow deposits coming from U.S financial institutions to the unlawful internet gambling sites. All the petitions are still left hanging. As it was discussed in the TwoPlusTwo forums, there will be an 11-page thread that will be released in the month of April.
One of the sectors of the UIGEA, Congressman Bob Goodlatte (R-VA) stated that it should be 50 people in the sates to make a decision either the internet gambling will be permitted. According to the video that was placed in the PPA site, Executive Director John Pappas says, “We don’t expect [June 1st] to be a doomsday scenario for online poker. To be clear, it is not going to be unlawful for you, the poker player, to play internet poker… Nothing should stop you from getting money off of an online poker site.”
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