Bush Govt may implement UIGEA law soon.
8 November 2008
Days are numbered for current president of United States, Geroge Bush, who will leave white house in January 2009 and Obama will take his place as a new president. Before leaving, Bush govt is trying implement UIGEA laws and make online gambling illegal to play.
The UIGEA rules states that all form of online gambling transaction is illegal and Americans are not suppose to play or gamble on online poker, online casino games and sports betting while exempting betting on fantasy sports and horse racing.
Banks and other financial institutions are not yet cleared with UIGEA as to what is legal and what is illegal. One of the officials of banking firm urged that we have no idea as what form of transaction is illegal as we cannot track each and every transaction that is being made by millions of customers.
I even heard that online gaming firms have sent letter to new president regarding their concerns on UIGEA rules and its drawbacks.
The UIGEA rules states that all form of online gambling transaction is illegal and Americans are not suppose to play or gamble on online poker, online casino games and sports betting while exempting betting on fantasy sports and horse racing.
Banks and other financial institutions are not yet cleared with UIGEA as to what is legal and what is illegal. One of the officials of banking firm urged that we have no idea as what form of transaction is illegal as we cannot track each and every transaction that is being made by millions of customers.
I even heard that online gaming firms have sent letter to new president regarding their concerns on UIGEA rules and its drawbacks.



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