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The determined efforts by politicians, horseracing associations, the PPA, iMEGA and other groups and individuals to postpone the December 1st implementation date for the regulations supporting the UIGEA may have paid off.
A wide range of reliable sources were reporting late Wednesday that US Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke have compromised on the implementation date, postponing it for six months instead of the year requested. The sources all claim that an official announcement on the postponement is imminent.
Congressman Barney Frank and the Poker Players Alliance preferred not to comment until the official announcement, but Joe Brennan Jnr of iMEGA said: "It's really surprising we got this concession. It's very unusual for any department of the government to essentially forestall an act of Congress. This is a testament to the power of Congressman Frank. This has been his pet issue, because it is part of his core values, for some time now."
News of the postponement comes on the heels of Monday's announcement by Congressman Frank that his two proposals - HR2266 on postponing the UIGEA for a year, and HR2267 on the legalisation of online gambling in the USA - would be the subject of a House Financial Services Committee hearing in Washington DC on December 3rd.
The hearings are a significant development in attempts to legalise online gambling or at least ensure the legislation gets a fair and proper political debate, given the support Frank has for his proposals, the questionable manner in which the UIGEA was rammed through Congress in October 2006 and the subsequent "last minute" promulgation of the supporting regulations in the dying hours of the Bush administration.
Regarding the hearings, John Pappas, executive director of the PPA observed earlier this week: "We thought it would probably have to wait until January, so we're pleasantly surprised to see this happen in December. I think Barney is sending a strong message to regulators and others that he's serious about changing this law. He's going to move forward with his plans to license and regulate this industry."
Safe and Secure Internet Gambling Initiative spokesperson Michael Waxman commented: “Chairman Frank is clearly indicating his commitment to switch the government’s position on Internet gambling, replacing attempts to prohibit the activity with a regulatory framework where consumers are protected.”
Secretary Geithner was faced with a powerful combination of petitioners for the postponement of the UIGEA regulations, starting with letters from Congressman Frank and 19 other Representatives and gaining momentum with a major petition from the PPA, the National Thoroughbred Racing Association and American Greyhound Track Operators Assocation. Six Kentucky Representatives also added their weight to the appeal earlier this week /
Two acknowledged opponents of Internet gambling, Senator Jon Kyl and Representative Spencer Bachus, protested against any delay in implementation.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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