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UIGEA Regulations went into affect in the United States on Monday despite the serious objections and concerns voiced by financial institutions, card players, and online gambling enthusiasts. Passed in 2006, but unenforced up until this point, the regulations make it illegal for financial institutions to process online gambling transactions. Banks, credit card companies, wire transfer locations, and other financial institutions have until December 1st, 2009 to comply with the regulations.

The regulations, meant to target financial institutions and online gambling sites and not players, will make it more difficult for US players to deposit at online casinos. No longer will they be able to fund their gambling accounts with their VISA or MasterCards, or send funds from their bank accounts, discouraging new hobbyist players. Critics have been quick to point out that funding online casinos has been difficult for some time now and that it has done very little to discourage online gambling.



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Posted by Jacob on 01/21 at 08:20 PM
Online Casino News

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