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Re:Maybe UIGEA should not be extended 1 year.
All good points. I think no matter what happens on Dec 1 the only way to solve all of these issues once and for all is very some very big dollars to start throwing their weight around. I would love it if on Dec 1 people couldn't spend money at Amazon or some other big online retailers due to some SNAFU or other misinterpretation of the regs and where the funds are going to.
Posted in: Poker Legislation 		WrongWayJerry
Nov 25th, 2009
Re:Maybe UIGEA should not be extended 1 year.
The UIGEA does not make poker illegal. It only makes financial transactions between financial institutions, such as banks and credit card companies, and gambling sites illegal. It also appears that is only illegal to transmit funds it is not illegal to receive funds. With that said. I do agree that we should allow Dec 1 to happen. I have read articles recently that suggest that rather than risk fines from the govt financial institutions are blocking a lot more transactions than they should be including clearly defined legal transactions dictated by the UIGEA. This has caused groups such as ...
Posted in: Poker Legislation 		WrongWayJerry
Nov 25th, 2009