We’re a week late getting to this but definitely worth writing noting that some traction is being made for an online poker carve-out from the UIGEA.
The House Financial Services Committee approved a change to Rep. Barney Frank‘s (D-Mass) bill by a 30-19 vote that would clarify for banks what types of payments they can accept from processors. While sports wagering would still be illegal, online poker may get that carve-out the PPA has been fighting for over the past two years since
Said Rep. Frank:
"I would like to not tell adults that they can’t put a bet down…But under this bill … at least the banks will know what is and what isn’t illegal. We’re asking Treasury to give them a list."
More surprisingly is some hard-core one-time detractors seem to be coming around. One of those is Rep. Spencer Bachus (R-AL), who said:
"A lot of people out there that play poker on the Internet – they may lose their money but they’re adults – and they went to their members of Congress."