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If you're an online poker player from the U.S., take note: PokerStars, Full Tilt Poker, Absolute Poker and Ultimate Bet are no longer accepting American traffic, leaving only a handful of US poker sites to choose from.
On April 15, 2011, the Federal Bureau of Investigation (FBI) seized the four poker sites' domain names: pokerstars.com, fulltiltpoker.com, absolutepoker.com and ub.com. Shortly after the seizure, the online poker sites shut down the tables to players with accounts linked to a United States address. A press release from the Manhattan U.S. Attorney's office has since confirmed many players' worst suspicions: 11 people, including the poker sites' owners and persons linked to the sites' payment processing operations, have been charged with gambling-related crimes.
The Unlawful Internet Gambling Enforcement act, passed in 2006, codifies the illegality of facilitating gambling transactions in the United States. To circumvent the UIGEA, the poker sites hired payment processing 'experts' whose job involved setting up shell corporations; these shell corporations would then obtain accounts at U.S. banks, through which funds from online poker sites could pass undetected.
Originally posted by MoosKept240
The Unlawful Internet Gambling Enforcement act, passed in 2006, codifies the illegality of facilitating gambling transactions in the United States.
Then no one can gamble on the stock market via the internet. Billions have been lost betting there!
To prevent abuses, the system will likely place limits on betting and will not take credit cards, which is banned by federal law. Instead the site will use a form of electronic payment. Players would also have to register and meet age and other requirements before being allowed to gamble.
According to a report by H2 Gambling Capital, 15 million Americans already gamble online, spending $30 billion last year even though it is illegal. Offshore gambling sites are like the Wild West, where there is no regulation and payouts can sometimes be difficult to collect. Whereas the city can promise players that its site is legal, regulated and can guarantee winnings. Read more: www.myfoxdc.com...
Originally posted by ziggy1706
gambling is illegal, because its not paying taxes..