UIGEA Set To Shut Down Online Gambling For US Citizens

UIGEA (Unlawful Internet Gambling Enforcement Act) comes into full force on June 1st 2010. What does this mean for online casino’s.

Well by the letter of UIGEA it means that previously vague laws against US citizens using online casino’s will be tightened. Previous to this law US citizens have been able to use online casinos by using third party payment methods. As a rule online casino’s know fully what is going on and where there customers are located.

The new laws mean that it is illegal for them to knowingly accept deposits from US players. The problem will be tracking payments in order to find out if any laws are being broken because most online casinos cover their tracks very well.

It seems that credit cards will be the easiest to track and therefore we will probably see a swing from online casinos accepting credit card deposits to using other methods such as wire transfers and echeck’s.

It does make one think that all this will just drive online casinos underground and therefore throw the country back to a prohibition mindset. It seems like many things wouldn’t this whole situation be better by legalising it and therefore maintaining more control overall. Plus you could tax it that would certainly help the public coffers.

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Posted by Aaron on May 27 2010. Filed under Entertainment, Featured News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry