Bush administration seeks midnight ruling on UIGEA implementation

The Federal Reserve and the Treasury Department have issued joint final rules to enforce the UIGEA, which has been depressed by ambiguity in the original law since 2006. The rule will require all financial institutions and payment processors to stop paying anything related to illegal Internet gambling by December 1, 2009, by establishing a policy to prevent this type of transaction. 슬롯머신

The biggest problem that opponents of the bill point out is that there is no clarity yet on the definition of what constitutes “illegal” Internet gambling, as lottery, horse racing and other specific gambling are allowed online in many states. The consensus among analysts is that banks will simply stop all gambling transactions, rather than try to determine which is which. This approach would wreak havoc on the legitimate markets that the law supposedly sought to protect.

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