Can I add my information onto this please…..
We’re Uk-based so this is a slightly different slant, but all the same….
I have spoken to one the most senior online gaming legal eagles in the industry (no names but this person is a regular at ALL the conferences – you’d recognise the name) today, trying to clarify some of what UIGEA means.
The response I got was basically sit tight and dont panic. At no point was I told that advertising online gambling would be or will become an offence. The whole thing is aimed at the banking system and according to this person the US banks have already told the US government that there isn’t a hope in hell of them having systems in place in the ACH within 270 days to make this anywhere near workable.
The legal landscape has not changed….yet. What happens after 270 days is a different matter but for now wait and see.