What is the UIGEA?

#1 17th March 2011, 12:44 AM

I know it stands for Unlawful internet gaming enforcmenet act. But what does it mean exactly and is it a federal or state law?

#2 17th March 2011, 12:51 AM

It's a federal law that makes it illegal for banks or credit card companies to send funds to poker sites.

#3 17th March 2011, 1:24 AM

Quote:

Originally Posted by crabby4

I know it stands for Unlawful internet gaming enforcmenet act. But what does it mean exactly and is it a federal or state law?

Let me Google that for you.

#4 17th March 2011, 9:32 PM

It is the devil's law to prevent us from having legitimate fun.

Basically it prevents US banks from transferring funds to and from off shore casino's (poker rooms included). I don't know how some places like PS and FTP can handle the transfers but every now and then, one will start having issues out of the blue.

What's messed up about it is that gambling isn't illegal according to US law. Though some states ban it such as Washington state does. It's just the transfer of funds that's an issue.

#5 17th March 2011, 9:40 PM

The law is mostly just to protect credit card companies and banks from the perils of doing business with offshore bank accounts. Essentially, poker rooms are just offshore bank accounts, which also happen to take bets and spread gambling games.

#6 17th March 2011, 9:41 PM

Quote:

Originally Posted by Oil_Fan

It is the devil's law to prevent us from having legitimate fun.

Basically it prevents US banks from transferring funds to and from off shore casino's (poker rooms included). I don't know how some places like PS and FTP can handle the transfers but every now and then, one will start having issues out of the blue.

What's messed up about it is that gambling isn't illegal according to US law. Though some states ban it such as Washington state does. It's just the transfer of funds that's an issue.

They should make prostitution legal, just make the transferring of fluids the issue.......

But, yea, it is messed up about the legalities surrounding online poker.

#7 17th March 2011, 9:47 PM

Quote:

Originally Posted by Stick66

Let me Google that for you.

LOL!!!!!! ZOMG!!! Thank you Stick! You have no idea how many people are going to start getting these from me on a very, very regular basis!

#8 18th March 2011, 4:41 PM

Quote:

Originally Posted by KoRnholio

The law is mostly just to protect credit card companies and banks from the perils of doing business with offshore bank accounts. Essentially, poker rooms are just offshore bank accounts, which also happen to take bets and spread gambling games.

LMAO - so people still are that naive?

Ya, that's why they passed it in the middle of the night attached to the Safe Harbor Act.

#9 18th March 2011, 4:45 PM

Quote:

Originally Posted by Charade You Are

nice bridge,.. How much???

Similar Threads for: What is the UIGEA? > Texas Hold'em Poker
Thread	Replies	Last Post	Forum	Thread Starter
* Pokerstars buys Full Tilt ...... *	200	24th May 2012 3:02 AM	General Poker	dakota-xx
'Black Friday' and associated fallout megathread	2512	22nd May 2012 6:30 AM	General Poker	xdeuceswild81xx
Full Tilt Poker Sold to French Investors	172	16th December 2011 10:38 PM	General Poker	absoluthamm
UIGEA question	4	18th April 2011 4:44 PM	General Poker	Sohmurr

Play Texas Hold'em Online Poker \| What is the UIGEA?
BetOnline Poker is a top online poker site accepting all US players with an INSTANT cash bonus of up to $900 FREE. It also has a casino and sports betting available.	PokerStars is one of the best sites to play online poker. Using PokerStars marketing code CCHAT you get a $600 bonus. Note: No US Players Accepted.