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Tag Archives: UIGEA

HR 2267 = a bill that would legalize Internet gambling in the United States

Will happen in 2010.
Bye bye UIGEA.

Nate Silver against the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA)

Nate Silver against the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA)

Legal stuff that Tom W. Bell didn’t tell you because you were too shy asking Jason Ruspini instead —UIGEA edition

Barney Frank’s Payment System Protection Act (HR6870)

… is a shitty bill… since it excludes sports betting.
RELATED: A news article (in French) implies, between the lines, that BetFair (who always respected the US laws) should be later granted a license to operate in the US, the day it becomes legal, while InTrade-TradeSports (who didn’t) should not be granted a license. Hummm…
EXTERNAL LINK: [...]

The Payments System Protection Act (H.R. 6870), approved today by the House Committee on Financial Services, would direct the Department of the Treasury and Federal Reserve System, in consultation with the Attorney General, to appoint a special Administrative Law Judge to define the types of unlawful online gambling and conduct an economic impact study on the costs for compliance. The enactment of the bill would have the practical impact of delaying implementation of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) regulations through a process designed to ensure that the regulations do not impair the functioning of the U.S. payments system, or inappropriately prevent legal online transactions.

Payments System Protection Act (H.R. 6870)
Yet another Barney Frank’s bill. Just a bill, as of today.
As I understand it, “wagers on sports” (thru TradeSports, for instance) would still be illegal.
Via Internet Week
The lobbyists’ blah blah blah.
Via the ultra mysterious Bo Cowgill at Google Reader.

No Trades (other than at the start) —-> Not a reliable predictor, as of today

Bill amending UIGEA to be passed by 31 Dec 2010 with Rep. Barney Frank as sponsor
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And why the Barney Frank marking in the contract? Absurd.
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