Tag Archives: unlawful internet gambling

Details on how the Federal Reserve will TRY to crash real-money prediction exchanges InTrade-TradeSports and MatchBook

Posted on April 2, 2008 by Chris F. Masse

Via Betting Market, the Federal Reserve: Louise L. Roseman, Director, Division of Reserve Bank Operations and Payment Systems Internet gambling Before the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, Committee on Financial Services, U.S. House of Representatives … Continue reading →

Posted in Regulations | Tagged attorney general, bank, Bank commenters, card systems, certain designated payment systems, certain payment systems, chairman, check collection systems, Committee on Financial Services, Congress, correspondent, correspondent bank, cross-border Internet, designated payment systems, Director, Division, Federal Reserve Board, Federal Reserve System, financial services, foreign bank, foreign Internet, Gutierrez, Internet gambling, Internet Gambling Enforcement Act, Louise L. Roseman, Paul, payment systems, Ranking Member, Reserve Bank Operations, Secretary of Treasury, Secretary of the Treasury, stored-value systems, Subcommittee on Domestic and International Monetary Policy, U.S. House of Representatives, United States, unlawful Internet, unlawful internet gambling, Unlawful Internet Gambling Enforcement Act of 2006, US Federal Reserve, US Treasury, wire transfer systems, World Trade Organization | Leave a comment

Will the prohibition on funding of unlawful internet gambling lead to the death of InTrade-TradeSports and MatchBook?

Posted on October 2, 2007 by Chris F. Masse

Reuters: Banks, credit card firms and operators of other Internet payment systems would need to establish policies and procedures to identify and block transactions with unlawful Internet gambling sites under new federal regulations proposed on Monday [October 2, 2007]. The … Continue reading →

Posted in Regulations | Tagged Congress, Federal Reserve System, Internet Gambling Enforcement Act, Internet payment, Internet payment systems, Reuters, U.S. Treasury Department, unlawful Internet, unlawful internet gambling, US Federal Reserve | 2 Comments

The Unlawful Internet Gambling Enforcement Act of 2006 and Second Life

Posted on January 18, 2007 by Chris F. Masse

Jason “The Brain” Ruspini has posted an interesting blog post on the currency created by the firm owning Second Life (a virtual world) and the regulatory implications. He linked to a statement from the lawyer of Second Life (“Ginsu Linden” … Continue reading →

Posted in Regulations | Tagged Chris Masse, Internet Gambling Enforcement Act, law enforcement authorities, law enforcement authority, law enforcement investigation, lawyer, Linden Lab, qualified legal counsel, Second Life Residents, similar law, simulation, unlawful internet gambling, virtual world services | 1 Comment

Neteller will comply with the Unlawful Internet Gambling Enforcement Act of 2006.

Posted on October 19, 2006 by Chris F. Masse

Neteller’s Press Release: Neteller on US position – (Index – PDF) – 2006-10-19 Further to the Companyâ€™s announcement on 12 October 2006, NETELLER Plc today announced the following update in the light of the action on 13 October 2006 by … Continue reading →

Posted in Regulations | Tagged Barcelona, Board of Governors of the Federal Reserve System, Denmark, George W. Bush, Internet Gambling Enforcement Act, NETELLER Plc, Niall O'Connor, post author, President, principal commercial partners, Secretary of the Treasury, Sweden, United States, unlawful internet gambling | Leave a comment

H.R. 4411: Unlawful Internet Gambling and Enforcement Act (UIGEA)

Posted on October 4, 2006 by Chris F. Masse

Unlawful Internet Gambling and Enforcement Act (UIGEA) — H.R. 4411 – (House version – Senate version – More info @ LOC): To prevent the use of certain payment instruments, credit cards, and fund transfers for unlawful Internet gambling, and for … Continue reading →

Posted in Regulations | Tagged Board of Governors of the Federal Reserve System, Internet gambling, Secretary of the Treasury, Senate, United States, unlawful internet gambling | 5 Comments

Internet gambling ban has passed.

Posted on September 30, 2006 by Chris F. Masse

The US Congress has approved the internet gambling ban bill. (Reuters, Wash Post). [Thanks to NY-based trader Steve Roman for the link.] TEN CEO John Delaney has been feeding the gullible media with the concept that, because TradeSports / InTrade … Continue reading →

Posted in Analysis (Accuracy & Precision), Exchanges & Markets, Market Contract Statements, Market Expiry, Regulations | Tagged CEO, Congress, Dublin, gullible media, help@tradesports.com, Internet gambling, Internet gambling ban, internet gambling ban bill, internet gambling firms, John Delaney, NY-based trader, prediction markets, President, Reuters, Steve Roman, Trader, United States, United States Congress, unlawful internet gambling, US President | Leave a comment