Unlawful Internet Gambling Enforcement Act June 1, 2010

Sissy · **Posted:** Sun May 30, 2010 2:03 pm

http://www.aba.com/compliance/UIGEA.htm

Unlawful Internet Gambling Enforcement Act

Quote:

The Department of the Treasury and the Federal Reserve Board (Agencies) issued a joint final rule on December 18, 2008 to implement the Unlawful Internet Gambling Enforcement Act. The Act "prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling." The final rule requires a strengthened screening process at the time of account opening to deny commercial entities that may be acting as Internet casinos access to the payments system. It also requires that policies and procedures be implemented to prevent all debit and credit card payments to Internet casinos. It does not require that checks, ACH payments, or wire transactions related to Internet gambling be monitored or blocked. A six month reprieve on mandatory compliance with the Internet Gambling prohibition ends on June 1, 2010 when all banks must institute policies and procedures to block certain prohibited transactions.

SpunkyPepper · **Joined:** Sun Mar 14, 2010 8:20 pm **Posts:** 139

Oh my... that means that they are going to tighten things up tighter and less people are going to be able to play. What is ACH payment? I don't think I've heard of that before.

Sissy · **Posted:** Wed Jun 02, 2010 5:01 am

http://www.msnbc.msn.com/id/37450217/ns ... forbescom/

Quote:

Legal deadline ups the ante for online poker
Gambling law goes into effect, but websites say they will still operate

By Nathan Vardi

updated 10:02 a.m. PT, Tues., June 1, 2010
The Unlawful Internet Gambling Enforcement Act comes into full effect Tuesday nearly four years after Congress passed the law under controversial circumstances. The law aims to stop online gambling by preventing credit card companies and banks from processing fund transfers for unlawful Internet gambling. But the law is ambiguous because it only loosely defines what constitutes unlawful gambling.

The concern for big online poker firms: Will banks and financial firms decide any online gaming is more trouble than it’s worth and stop facilitating transactions that have anything to do with it? This was partly the reason that last November the Treasury Department and the Federal Reserve decided to delay till today required compliance with the law by blocking regulations to implement the legislation.

“It is likely to make life more difficult for banks — especially small community banks — who will find it a great burden to police transactions that might be related to Internet gambling,” says Kevin Di Gregory, a partner at Manatt, Phelps & Phillips who used to oversee Internet gambling enforcement at the Justice Department. “There are already banks that are refusing to engage in transactions that might be questionable.”

Sissy · **Posted:** Wed Jun 02, 2010 5:07 am

What is happening to those who use Netspend cards to deposit with:

Quote:

Simplify Your Life.

June 1, 2010

Dear xxx,

Our records show that you may have used your NetSpend Visa® Prepaid Debit Card for internet gambling transactions in the past.

Beginning May 31, 2010, MasterCard and Visa will begin complying with the Unlawful Internet Gambling Enforcement Act by blocking all online gambling transactions attempted by U.S. cardholders. This means you will not be able to use your NetSpend card or account for internet based gambling transactions. Internet gambling transactions will be automatically declined to comply with these federal regulations. NetSpend has no control over this change.

Don’t forget there are many great ways to use your NetSpend card. You can pay bills online or over the phone, shop online and make everyday purchases anywhere Visa debit cards or wherever Debit MasterCard is accepted. At NetSpend, we make sure that you are informed and in control of your money.

Thank you,

Your NetSpend Team

SpunkyPepper · **Joined:** Sun Mar 14, 2010 8:20 pm **Posts:** 139

Isn't that wonderful... use your credit cards to go further in debt buying things instead of being able to make money with it. Sounds great to me.... NOT

PokerPrincess · **Joined:** Sun Mar 21, 2010 9:00 pm **Posts:** 338

Oh jeez... can it get any worse? I really thought things were going on an upturn and now I read this. This is absolutely insane.

Sissy · **Posted:** Fri Jun 04, 2010 4:28 am

LMAOOOOOOOOOOOOOOOOO!!! To those of you out there who play bingo and use the options offered, take heed to the message at the top and ignore what is in between it and this one. Savvy bingo players DO understand the message that I sam sending!

midnightlady1970 · **Joined:** Tue Dec 23, 2008 2:58 pm **Posts:** 99

Ok I really need help and please forgive me on this.
I live in Indiana and that is one of the states that makes gambling illegal. But I play at a site where you can exchange your points for bonus bucks at one of their pay sites. If I win with these bonus bucks and don't make a deposit would it be illegal for the site to send me my winnings through bank wire?
Sorry to sound so dumb on this matter. I want to do things the legal way but confused on what my rights on even on free bingo.

Sissy · **Posted:** Fri Jun 04, 2010 2:28 pm

HI Midnight!! If you go to a pay to play site and it is illegal to gamble online in Indiana, you are breaking the law and if they catch you, I am assuming they will prosecute. Always keep in mind, there will come a day when a state will have to have someone to use as an example of what breaking this law will bring on. My theory is "don't do the crime if you can't do the time".

midnightlady1970 · **Joined:** Tue Dec 23, 2008 2:58 pm **Posts:** 99

Ok thanks so much Sissy for the help :-)

That is what I was trying to figure out, I will hold onto my points until they make it legal then. I don't want to do anything to put myself on the line.

SpunkyPepper · **Joined:** Sun Mar 14, 2010 8:20 pm **Posts:** 139

Don't hold your breath until they make it legal again. Not only to you have your State against you but you also have the nation against you now. My suggestion is to just leave it there and forget about it.

PokerPrincess · **Joined:** Sun Mar 21, 2010 9:00 pm **Posts:** 338

How true that is. Having and State and Nation against you and needing someone to hold up to the public as a scapegoat seems to have the three on a match syndrome. Someone is going to die and you just have to make sure it is not you.

midnightlady1970 · **Joined:** Tue Dec 23, 2008 2:58 pm **Posts:** 99

Yeah I stopped going into all pay sites, I can't let myself get into trouble.
I thank all of you :-)

PokerPrincess · **Joined:** Sun Mar 21, 2010 9:00 pm **Posts:** 338

Probably the best thing you can do for yourself until this cools down a little. I would imagine they will try one case and depending on the outcome things could change.

midnightlady1970 · **Joined:** Tue Dec 23, 2008 2:58 pm **Posts:** 99

I was reading online some where something abut reviewing the gambling law in July, is this true or is the site I read this at wrong? I can't remember which site is was that I seen this at.

Unlawful Internet Gambling Enforcement Act June 1, 2010

Who is online