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  Poker - Has anyone heard any new legal issues for US online poker
 
  #1  
04-10-2007, 6:46 AM
quazar66
Expert Member
 
Location: montana
Plays at: Poker Stars
Likes: holdem
Posts: 285
Has anyone heard any new legal issues for US online poker

I read a article that mentioned about a new law passing the house a few days ago. It has 180 days until if takes affect. Has anyone seen this?
 

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  #2  
04-10-2007, 6:35 PM
McWILKE
New Member
 
Plays at: FullTilt
Likes: both
Posts: 5
proposed new legislation

This site offers great updates: GamblingPlanet.org - Top Online Casino & Gambling Guide



Internet gambling regulations proposed by U.S. officials on Monday stopped short of requiring U.S. banks to block checks their customers make to online casinos while forcing banks to halt debit and credit payments. The Treasury Department and the Federal Reserve issued a plan requiring bank policies and procedures that are "reasonably designed to prevent payments being made to gambling businesses in connection with unlawful Internet gambling," according to a statement.
The new U.S. regulations would make the banks responsible for blocking credit and debit card payments for online gambling. It also bars bank customers such as online casinos from receiving Internet gambling proceeds.
Industry officials said, however, that it seemed that regulators had addressed their biggest concern about the new law. The agencies concluded it was "not reasonably practical" for the banks to identify and block customers from sending checks and making some other types of transfers.
"At first blush it looks like they took a very practical and pragmatic approach. They did not ask us to do the impossible," said Steve Kenneally, a spokesman for America's Community Bankers. The proposed regulations were criticized by one gambling industry group, the Poker Players Alliance.
"Deputizing private U.S. financial institutions to determine what are lawful and unlawful transactions will lead to the monitoring and blocking of the personal and lawful financial transactions of many of their customers who wish to play games of skill, like poker, on the Internet," the alliance said.
The Treasury Department and Federal Reserve set a December 12, 2007 deadline for public comments on their proposal. The two regulators will then begin finalising the regulation.
The proposed rule was posted on the Web here.
  #3  
05-10-2007, 8:23 PM
thielcats
Amateur Member
 
Posts: 68
Its gonna be year before anything happens to U.S players. Chances are that nothing will happen
 



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