Facebook Violating UIGEA?
June 19, 2009 (CAP Newswire) — The world’s largest social networking site, and currently the hottest thing on the Web besides Twitter, may be skating on thin ice regarding online poker.
For a while now, Facebook has offered members the chance to play Texas Hold ‘Em games with each other, but with no money at stake, making it perfectly legal. However, some players may have found a way to wager money in these games. (No surprise there, right? Online poker players continuously prove themselves to be very creative in finding ways to play their game the way they want to.)
In order to remove the risk of prosecution from the U.S. government under UIGEA laws, Facebook has reportedly come to an agreement with payment processor AlertPay to “terminate operations where poker chips are being sold” (from NewOnlineCasinos.org).
"Facebook does not permit online gambling on its platform and some sellers attempted to convert the Texas Hold'em Poker application into monetized online gambling," said a statement on the official blog of AlertPay, according to NewOnlineCasinos.org.