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What does the new ‘Unlawful Internet Gambling Enforcement Act’ mean?


There have been many misleading stories and uncertainty regarding the ‘Unlawful Internet Gambling Enforcement Act’. But the following is fact; the new bill does not outlaw all forms of Internet gambling and will not target players.

However the new bill will attempt to make it more difficult for you to fund your online gaming wallet by preventing any U.S. financial Institution from depositing funds to any online gambling site. The new bill does not change existing gaming law, it only applies to the way in which you can fund an internet gaming account.

The financial Institutions will have 270 days after the bill is signed by the president to enforce the act’s policies and procedures. Exactly how this will be done is still unclear. Congress could still allow regulators to be exempt from monitoring checks and money transfers because they are more difficult to track.

At this stage nothing is definitive, and we may not know the exact repercussions for a number of months. In the mean time you should continue to play and enjoy online gaming as you have always done. We will be keeping a constant eye on the situation and will advise of any updates and changes.


 

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