Pinnacle & Neteller Coming Back to US? I'm not sure, but this does help pave a way for some fairness & sanity to the US sports betting market. Or will the big boys step in and screw it up worse?
I put a link to some sites discussing this and some info regarding a repeal of the UIGEA that may occur in September, which could substantially improve the market conditions for US sports bettors, and of course, poker players at my blog: [URL="https://climatescorner.blogspot.com/"]https://climatescorner.blogspot.com/[/URL]
Here's the jist of bill from wiki:
[URL="https://en.wikipedia.org/w/index.php?title=Internet_Gambling_Regulation,_Consumer_Protection,_and_Enforcement_Act&printable=yes"]https://en.wikipedia.org/w/index.php?title=Internet_Gambling_Regulation,_Consumer_Protection,_and_Enforcement_Act&printable=yes[/URL]
Internet Gambling Regulation, Consumer Protection, and Enforcement Act
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The Internet Gambling Regulation, Consumer Protection, and Enforcement Act is a proposed bill that is intended "to provide for the licensing of Internet gambling activities by the Secretary of the Treasury, to provide for consumer protections on the Internet, to enforce the tax code, and for other purposes."[1] The bill was originally introduced by Representative Barney Frank (D-Ma) on June 12, 2009 and as of July 20, 2009 had bipartisan support from 47 co-sponsors. The bill is on hold until September 2009 in the House Financial Services Committee.
Description of the bill
The bill finds the following:
1. "Since the development of the Internet, millions of people have chosen to gamble online, and today Internet gambling is offered by operators located in many different countries under a variety of licensing and regulatory regimes."
2. "Despite the increasing use of the Internet for gambling by persons in the United States, there is no Federal or State regulatory regime in place to protect United States citizens who choose to engage in this interstate activity, or to oversee operators to establish and enforce standards of integrity and fairness."
3. "In the United States, gambling activities, equipment, and operations have been subject to various forms of Federal and State control, regulation, and enforcement, with some form of gambling being permitted in nearly every State and by many Indian tribes."
4. "Internet gambling in the United States should be controlled by a strict Federal licensing and regulatory framework to protect underage and otherwise vulnerable individuals, to ensure the games are fair, to address the concerns of law enforcement, and to enforce any limitations on the activity established by the States and Indian tribes."
5. That entities licensed to provide internet gambling in the United States would have to be heavily regulated and monitored.
6. "There is a need to extend the regulatory provisions of this Act to all persons, locations, equipment, practices, and associations related to Internet gambling, with each State and Indian tribe having the ability to limit Internet gambling operators from offering Internet gambling to persons located within its territory by opting out of the provisions of this Act."[2]
The bill then discusses the qualifications an organization would need to possess in order to operate an online poker site, legal requirements, fees and taxes, penalties, and regulations.
If H.R. 2267 passes it would automatically create an exception for poker to the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA). In the meantime, Franks also proposed another bill, Internet Gambling Regulation, Consumer Protection, and Enforcement Act (H.R. 2266) which would delay the full implementation of the UIGEA until 2010.
