The issue of whether online gambling should be legalized is once again being taken up in the U.S. Congress through a new bill designed to significantly overhaul the UIGEA, which it passed in 2006. The UIGEA makes it illegal for U.S. financial institutions to transfer money to offshore gambling websites or to the online payment services those websites use. As a result of the UIGEA, many non-U.S. Internet gambling websites halted their provision of services to U.S. residents. The new anti-UIGEA bill would set up a regulatory framework and create safeguards for online gaming in the U.S.
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New Bill Gives Online Gambling Another Chance
Posted by: Javad Heydary March 30, 2011 05:00 AMThe issue of whether online gambling should be legalized is once again being taken up in the U.S. Congress through a new bill designed to significantly overhaul the UIGEA, which it passed in 2006. The UIGEA makes it illegal for U.S. financial institutions to transfer money to offshore gambling websites or to the online payment services those websites use. As a result of the UIGEA, many non-U.S. Internet gambling websites halted their provision of services to U.S. residents. The new anti-UIGEA bill would set up a regulatory framework and create safeguards for online gaming in the U.S.