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[UIGEA] Banks in Holding Pattern While UIGEA Rules Fester – CardPlayer (10/17/08)

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October 20th, 2008
By Bob Pajich

excerpt:

It’s approaching two years since the Unlawful Internet Gambling Enforcement Act (UIGEA) was signed into law by President George Bush, and it’s still not clear how much the law will cost the banking industry, nor if it will do its intended job and end online wagering in the United States.

What is clear is that members of the banking industry hate it. They wish the lawmakers behind the UIGEA offered more clarity with a law that calls for the banking industry to monitor the millions and millions of online transactions that occur and stop the ones that allow citizens to take part in what the UIGEA defines as “unlawful Internet gambling.”

Click here to read more:
Banks in Holding Pattern While UIGEA Rules Fester – Poker News – CardPlayer.com

Author Contact Info: Bob Pajich

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