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Poker world is into federal legislation

Posted on December 17, 2013 in Uncategorized

Following the Unlawful Internet Gambling Enforcement Act (UIGEA) which was introduced in 2006, the poker world pushed for federal legislation over the years. The act made it illegal for the US banks to collect deposits from online poker sites to reduce money laundering. The act was introduced so that the players, online poker sites and banks could work together and play in confidence.

However the bill produced in 2012 October brought in a big difference. Though it was presumed that the bill was geared to make Internet Poker flourish and create a more comfortable and secure environment for the game, the content destroyed all expectations. The Act authorized online poker and horse racing games being prohibited as they were betting games.

CardsChat.Com CEO, Mr. Nicholas Kisberg said to FORBES that this would be the first of repeated efforts to ban online poker, where the reason being sited that it encourages problem in gambling. He also stated that countries like the UK have been into online poker for years now and have not faced any issues. He also said that Internet poker players only contribute one of the smallest percentage of gambling problems, when compared to other gambling games in the lot.

After several years of lobbying for the federal legislation, many have left hopes as there has been a notable shift on state by state efforts. There are millions of poker players wanting a safe guard regulated environment to play. As there are still differences of opinion and the bills not being passed, it looks like online poker will remain in a federal fog with no federal oversight for some more time.

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