I've seen a few things here and there about how this whole ban is supposed to go into effect on online poker in the US on June 1st. I know their first step a couple years ago put the responsibility on the banks to not process the transactions, which caused some issues, but I've still never really had a problem. But what is this June 1st thing, and what does everyone think is going to happen?

<strike> something</strike> nothing

I really wish someone would compile a list of links to all the threads over the last four years along the lines of "What happens after xx/xx/xxxx?" Supposedly 270 days after the UIGEA everything had to be in order (July, 2007). Then it got delayed. Then again. Then again. Then again. I will be personally extremely shocked if/when anything actually does happen.

 

Originally Posted by MYBLUEDOG

Maybe your lack of knowing the facts has clouded your thoughts.

There is no ban on Online poker on June 1, 2010.

UIGEA did not make it illegal to play online poker. In fact, the law specifically states that it does not change the laws governing what is or is not illegal gaming activity.

UIGEA online governs the transactions for financial institutions that can be identified as going to illegal gaming sites. It doesn't even define what is illegal.

That's why the law has been delayed from implementation. No one has decided what is illegal so they are leaving the illegality issue up to the individual bank personnel to make judgment decisions on what the law means.

Don't spread unfounded rumors unless you know what you are talking about. At least go read the law so you can make a reasonable statement or question.

Thanks Blue, <title>Enter text here.</title>[personal attack removed]. I do really appreciate that. I'm not spreading a rumor. SOMETHING is supposedly happening on June 1st is a FACT. Whether anyone thinks that it will actually change anything is what I was asking.

 

Originally Posted by Ace10Suted

Thanks Blue, <title>Enter text here.</title>[personal attack removed]. I do really appreciate that. I'm not spreading a rumor. SOMETHING is supposedly happening on June 1st is a FACT. Whether anyone thinks that it will actually change anything is what I was asking.

Something does happen. True.

Does it change anything at all?

No.

All that happens is that the government will as of that date finally hold banks etc responsible for not processing internet gambling transactions.

For some time now the banks have been required not to process that stuff... but the Feds were not imposing penalties on the banks for non-compliance. Essentially they were letting it go. June 1 is the date that they can say to a bank- "naughty you, you can't do that."

Since every bank is basically doing whatever they'd be doing June 1 already, this means... wait for it....... NO FREEKIN CHANGES.

Adam- I'm with you about all the threads over the years on this. But instead, could we create a thread that only lists all the people that have said WTF is happening/ should I take my money out/etc? :)

 

Originally Posted by kasilof

This time it is different. There has only been about 4 of these XX deadlines. When UIGEA 1st passed it knocked out pokerroom and party poker. That was significant. Then there was the epassport deadline, which eliminated easy of transfer of money. That was reality. Then there was the December 2009 deadline, that got an extension by Geithner. However, for the June 1st 2010 deadline, there are no plans to get it extended. Someone I met said his bank would no longer accept payments from pokerstars.

It might be over, except if you have a foreign bank account. I don't know if the present system, of using a payment processor gets around UIGEA and releases banks liability.

are bank accounts on the moon considered foreign?

 

Originally Posted by Ace10Suted

SOMETHING is supposedly happening on June 1st is a FACT

looooooool well-said

someone help me here........if the banks are supposedly gonna be held responsible.......how will we cash checks........drawn on canadian banks? does the gov't not know "where" these checks come from?

http://www.pokernewsdaily.com/ppa-se...june-1st-9528/

Email from stars:

Hello Aaron,

Thank you for your email.

In October of 2006 the United States Congress enacted the Safe Port Act, which included what is now
called the UIGEA (Unlawful Internet Gambling Enforcement Act). This Act restricts financial
institutions in the USA from transferring funds resulting from unlawful internet gambling to online
gaming sites. Here at PokerStars, we work in accordance with the laws of every country where we
provide our service and we have received extensive legal advice indicating that the provision of peer-
to-peer poker services to US residents does not violate US law. This is why we are identified (coded)
as a gaming site for credit card transactions, therefore providing a safe, honest and reliable service
to our players.

Please note that the UIGEA by its very plain terms does not alter or amend any existing federal, state
or tribal gambling law and it has been in effect since January 19, 2009. The compliance rule that is
supposed to go live on June 1, 2010, does not prohibit you from playing online poker, nor cashing out
or depositing money into an online poker room (unless it is already against the law in your local
jurisdiction), nor does this compliance date do anything to change the legal status of offering online
poker services in the US. It is simply the deadline for financial institutions to comply with UIGEA
regulations. Our business continues as before, open to players worldwide including the U.S. You may
play on our site as you did prior to the Act.

You may read our company statement on the web site at:

http://www.pokerstars.com/<WBR>legislation/uigea/

And find the full text (PDF format) of final UIGEA rule at:

<SCRIPT></SCRIPT> http://www.ustreas.gov/press/<WBR>releases/reports/<WBR>unlawfuinternetgambling11.12.<WBR>08.pdf

Good luck to you, and thank you for choosing PokerStars.

Regards,

Lars
PokerStars Support Team

nothing will change,either one should be fine as usual.

Ya this has been on my mind too but no one seems to be talking about it...Seems to me it's all people should be talking about if it's for real. What will we do??

 

Originally Posted by mattdb9er

if whats for real? what are they claiming to happen exactly?

That US banks will no longer be able to accept wire transfers/cash checks from poker sites.

why is everyone saying nothing will happen? sure you can still play online but when you make ur money request a check and every single bank denies payment b/c its illegal for them to process it all your left with is a piece of paper. so where are you going to receive ur funds?

 

Originally Posted by poisoneye1986

why is everyone saying nothing will happen? sure you can still play online but when you make ur money request a check and every single bank denies payment b/c its illegal for them to process it all your left with is a piece of paper. so where are you going to receive ur funds?

According to the stars email above, they say that they're considered a "gaming" site instead of a "gambling" site, so the law shouldn't be applicable to their checks/transfers?