BIG NEWS:UIGEA compliance postponed for 6 months! WP is working again!

[dipstick42]

Looks like we American gamers can breathe a temporary sigh of relief. Word is all over the net that, as of this evening, the UIGEA regulations that were supposed to be enforced as of 12-1-09 have been pushed back to 6-1-10. Hopefully that will give Barney Frank time to bring his bills up for debate and a vote. There is also an option of a possible further delay if the matter has not been settled by that point. And on a related personal note: My Wired Plastic card works again!!

 

[vixen777]

Re: BIG NEWS: UIGEA compliance postponed for 6 months!

Good news for online poker players as Gambling911.com can reveal that the US Treasury Department is expected to delay implementation of regulations that would require banks to stop online poker and other gambling transactions via credit cards.

A number of high profile sources have informed Gambling911.com of this development.

UIGEA is short for the Unlawful Internet Gaming Enforcement Act, passed in October 2006, which made some forms of online gambling illegal but exempted others such as horse racing and state lotteries.

Banks and other financial institutions originally had until December 1st, 2009 to comply with the UIGEA rules. The new guidelines have become especially watered down in recent months. Wires and bank checks are no longer mentioned as part of UIGEA.

The Poker Players Alliance (PPA) has been lobbying hard to delay the scheduled regulations and appear to have had some success on this front.

A hearing on this matter is slated for December 3 but Gambling911.com has already learned that the postponement is "expected" according to our sources.

Barney Frank's office was expected to release a statement shortly.

Source

 

[cas1944]

Yeah!! We still have a fightin' chance!!

 

[judyb57]

Every small move is better than a standstill.

 

[myst1111]

my wired plastic still doesnt work at inetbet
maybe tomorrow

 

[Mariah0600]

Woohoo! Thanks for the news.....haven't tried my wp yet since this post.......hopefully it will still work though.

Happy Thanksgiving to everyone!!!

 

[violet57]

Great News, Thank You for posting

violet57

 

[CareyG]

Woohoooo!!! Awesome news!!! Barney Frank do your thang baby!!!​

 

[labell]

Thank you for the info! Gosh it was awful contemplating no online fun... why in the world they don't do a simple regulation I'll never understand...