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Reply To: Nelson I Rose – Final UIEGA Regs

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#786924
Anonymous
Inactive

The statute does create a new crime, being a gambling business that accepts money for an illegal transaction.

That’s not really good news. So any casino accepting US bets after that gets passed is going down a very risky path.

edit: ah just saw this

The most interesting part of the new rule, for me, is that unlicensed Internet gaming operators can set up business relations with U.S. financial institutions, if the operators “provide a reasoned legal opinion that it does not engage in restricted transactions.” That means if I, as a licensed attorney and an expert on gaming law, give a legal opinion that a gambling operator is not violating federal or state laws, that should be good enough.

really dodgy but good for us I guess.