Online Poker Legality Question

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everywherestevie

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Hello,

I recently started playing online poker for the first time since Black Friday in 2011 when I lost a ton of my funds in full tilt. I am on Bovada and playing 10/20. I am in Illinois, USA.

Deposited 2k on my visa.

I withdrew 2400 directly to my visa card with their visa quickpay option. I then got a letter about suspicious activity, but they have not frozen my card.

I am now up another 9 grand and I just don't want to cause any issues with my bank (Chase), or my card, which is also a Chase visa.

What's the worst that could happen? Any advice on how to withdraw without raising red flags?

I guess I just don't know my rights and I haven't done a lot of research since I just started playing on a whim.

Thanks in advance!
 
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CSINSC

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I haven't played on Bovada in about 4 months so I'm not current with their payout options. If they have a Western Union or Moneygram option then that is a way you can be paid without ever having to involve your bank. Personally when I deposit I deposit via Moneygram. Money is always in account w/in 1 hour & usually 30 minutes.

I have cashed out at least 5x & I always requested a check by mail. The longest it ever took to receive was 8 total days. I then never attempted to cash my check & just waited approximately 10 days until the check cleared before I would go to the bank & withdraw funds.

According to the UIGEA banks are NOT supposed to process online gambling transactions so I still have no clue on why they are allowed to or even why they are.

Actually if anyone has any clue on how/why the bank are processing online gambling transactions I would love to know.

Thanks in advance
 
mbrenneman0

mbrenneman0

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i think bovada has bitcoin option now. that might be the safest, especially since you can use bitcoin for more and more things.

i think its the sites that are disguising the transactions so that banks dont know they are accepting funds from online gambling. technically still its the banks that are violating UIGEA now, but you are not liable. just dont get your bank account frozen because american law does allow investigators to seize assets that are believed to be used in a crime indefinitely even without evidence. its absolutely unconstitutional, but it can happen.

so if theres a bitcoin option use that, western union would probably be the second best option.

if poker ever gets like that for me, i might consider moving to a country where its completely legal, or maybe just play live
 
MediaBLITZ

MediaBLITZ

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I haven't played on Bovada in about 4 months so I'm not current with their payout options. If they have a Western Union or Moneygram option then that is a way you can be paid without ever having to involve your bank. Personally when I deposit I deposit via Moneygram. Money is always in account w/in 1 hour & usually 30 minutes.

I have cashed out at least 5x & I always requested a check by mail. The longest it ever took to receive was 8 total days. I then never attempted to cash my check & just waited approximately 10 days until the check cleared before I would go to the bank & withdraw funds.

According to the UIGEA banks are NOT supposed to process online gambling transactions so I still have no clue on why they are allowed to or even why they are.

Actually if anyone has any clue on how/why the bank are processing online gambling transactions I would love to know.

Thanks in advance

Absolutely - DO NOT INVOLVE YOUR BANK - This is what Black Friday was all about - more specifically, how the funds were being processed. The most serious charge was bank fraud. The Black Friday indictment "alleged" that the sites tricked U.S. banks into accepting Internet gambling transactions by disguising the transactions to create the false appearance that they were unrelated to gambling. No one can really be certain how processing is happening between sites and banks so the safest thing is probably NO transactions outside of cashing checks that are sent to you. Otherwise, while I don't believe you would go to jail, you would more than likely lose ALL of that money (or at least have it tied up for years).
 
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freestocks

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Get a check, but not for the whole amount. One check per month for 2 or 3 thousand. Deposit in bank account in ATM.
 
John A

John A

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I just get checks from them. It's so much easier and less hassle. I wouldn't use the VISA quick option imho.

Only thing that sucks is you have to pull 3k at a time, and I think they just lowered it to 2k a couple of months ago. But you can do this more than once a month you just have to pay $50, but it's worth it imho.
 
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