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Included within UIGEA is a requirement that new banking regulations be defined within 270 days from commencement. These regulations would prohibit the funding of “Internet Gambling” by players within the United States by Banks and financial institutions.
A quick check of the calendar shows the deadline being reached on approximately July 10th. What do YOU think will happen in July?
Nothing.
:santa2: no Christmas in July
hopefully nothing too
i have a feeling it was going to arrive late anyways as there have been reports that its taking longer to finalise the legislation and sot out what exactly will be in the new law.
However iMEGA look promising – they filed to have uigea reversed or something http://igamingnews.com/index.cfm?page=artlisting&tid=7613&k=imega
and if accepted, it will delay UIGEA for a while – hopefully many months at least if it doesnt end up succeeding
I will be gratefull for each passing week / month past the deadline anyways
That damn “Immigration Law” is taking so much attention and focus away from anything else right now, that it’s hard to see what is going to happen with this law.
Hopefully nothing….
Probably nothing.
I hope anyway
July 10th it will be on the agenda, but whether or not it is more important that other acts being discussed and decided on is another issue. It’s a classic case of “you’ll just have to wait”.
I can’t wait for it to be settled either way… Obviously I hope it goes our way :dajudge:
Not a GD thing,
It will come and go with no avail. Not like a certain day will come and the lights will be shut out. If anything is implemented it will be over time. Around this time we may learn how intent they are about the potential ISP bans though. I doubt they will happen either. That will open the door for a definitive censorship lawsuit.
@Amateur 129359 wrote:
That damn “Immigration Law” is taking so much attention and focus away from anything else right now, that it’s hard to see what is going to happen with this law.
Hopefully nothing….
that finally got defeated today so that’s off the table till perhaps the 2009 election.
I would say the banks get an extension to implement any new banking regulations.
My guess is that there will be another bust of some sort to provide a scare tactic, since that is all the government is equipped to do at this point. UIGEA is technically unenforceable at this time. I’m hoping that the WTO issue will add heat to this issue, but I expect, in true Bush fashion, for just some more scare tactics and busts, to keep Kyle, Goodlatte, and team looking as though they are looking out for the welfare of society, and to make it look like UIGEA is being enforced. What great leadership we have, eh ?
I’d say nothing also. If the banks were able to do anything more by now, then they would’ve.
You won’t be surprised to hear i have a very different predicition.
I think July 10th will make it even more difficult for Americans to deposit.
I also think the folks who are working all but “12/13/14” US States will close out business in the US.
Hopefully the processing folks have some plans for keeping the business going, but starting july 10th, US banks have to take UIGEA very seriously.
I guess a few more casino affiliate programs will pull out from US market.
(maybe the Microgaming programs). Hopefully not too many of them!I strongly believe there is way too much pressure on this one to go into full effect, I believe this is just the beginning of the backlash and its going to get serious.
I even got an actual response instead of a form letter from my stooge in congress last month! :rockband::rockband:
I’ve been out of the loop a bit. Has the repeal effort from Rep. Barney Frank made any progress?
I have a feeling some arrests will be made not long after the 10th. Someone in the US Attorney’s office has surely been working up a few cases and is ready to go. All it takes is a few well placed deposits made by investigators after the 10th and then come the raids.
If Rep. Frank is still considering introducing his repeal legislation, he may need a push, and he may need some support from your Reps. As I said, I’ve been out of the loop a bit, but a repeal sure does sound good to me…
Re. Barney:
Barney Frank’s proposed bill, the HR-1046, to legalize, license, regulate and tax online gambling has gained another sponsor, Representative Don Young out of Alaska, to join 23 others at Frank’s side.
