UIGEA Update: Poker Carve-Out A Possibility?

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 we got Frist’d.

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."

Read the full article here and get a good editorial take here.

 

2 Responses

  1. Joe Schmo

    September 24, 2008 9:10 pm, Reply

    All types of casinos and other wagering outlets are heavily-regulated and watched. While I hate government involved with anything, with the Ultimate Bet and Absolute Poker BS I don’t trust internet poker so I choose not to play it. That’s my choice. With that being said, I think that internet gambling should be legal but regulated and heavily-watched.

  2. Tim W

    June 23, 2010 8:42 pm, Reply

    You are absolutely right. I don’t like the government getting involved in anything. But I have played enough online poker to say that every site uses rigged software. Its sad that for whatever reason they feel its necessary to rig the software. If its for greed or excitement who knows but it really takes away from the real game.

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