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Poker Players Alliance new UIGEA initiative
5/11/10 - With the prospect of the Unlawful Internet Gambling Enforcement Act regulations coming into force on June 1st, the Poker Players Alliance has petitioned the U.S. Treasury Department and Federal Reserve Board to clarify that the Act’s definition of illegal gambling does not include peer-to-peer games such as poker.
The petition is addressed to Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke, and it requests a sub-paragraph amending the regulations to state that the term "bet or wager" does not include a bet or wager on "certain peer-to-peer games where the outcome is determined predominantly by the skill of the players, such as poker, chess, bridge, mah-jong, and backgammon."
The petition also asks for clarification that pari-mutuel animal racing that is lawful under the Interstate Horseracing Act is not affected by the UIGEA.
The PPA has managed to get twenty-two members of Congress to support the petition, which is currently with the addressees.
John Pappas, executive director of the PPA said: "The PPA is grateful for the support of the 22 members of Congress who wrote Secretary Geithner and Chairman Bernanke in support of our petition to exempt peer-to-peer gaming from the UIGEA regulations,
"We are still strongly supporting legislative efforts to license and regulate online poker and provide the consumer protections that the UIGEA will not, and are hopeful of the passage of bills like [Congressman Barney Frank’s] HR 2267, but believe our petition is the best bet to address the short-term issues facing online poker."
Pappas said that the objective of the petition was clarity on the ambiguous phrase “unlawful internet gambling” in the regulations, which places the onus of interpreting the definition on the financial institutions that are supposed to enforce the Act by halting financial transactions with online gambling companies. There are fears that the imprecise definition will lead to major enforcement problems and the risk of over-blocking by banks.
The legality of Internet poker in the U.S. is uncertain as there is no federal law and very few state laws specifically outlawing the playing of Internet poker.
The Congressional letter is signed by Steve Cohen (D-Tenn.), Dan Maffei (D-N.Y.), Linda Sanchez (D-Calif.), Paul Hodes (D-N.H.), Tom Perriello (D-Va.), Jim Moran (D-Va.), Ciro Rodriguez (D-Tex.), Jerrold Nadler (D-N.Y.), Steve Israel (D-N.Y.), Phil Hare (D-Ill.), John Larson (D-Conn.), John Yarmuth (D-Ky.), Joe Courtney (D-Conn.), Shelley Berkley (D-Nev.), Jim Himes (D-Conn.), Bill Delahunt (D-Mass.), Ron Klein (D-Fla.), John Conyers (D-Mich.), Dina Titus (D-Nev.), Peter Welch (D-Vt.), Ed Perlmutter (D-Colo.) and Bobby Scott (D-Va.).
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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