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The future of US online poker

Posted by betlover on Jun 7, 2012 in online poker

Just a brief update one year after this article was written: not much has changed really, so most of it is still current news.

As of June 2011 the US online poker landscape looks like a battle field with very few survivors. Indeed if you like to play poker online and you live in the United States, very few choices are currently available to you for real money games.

In fact Cake Poker seems to be pretty much the only way to play poker online currently. Carbon Poker and Bodog poker just announced that they are not welcoming US players for the near term. Doyles’ Room and True Poker were shut down by the FBI 2 weeks ago. PokerStars, Full Tilt Poker, UB Poker and Absolute Poker were banished from the US market 2 months ago when the Department of Justice seized their .com domains (later released). And of course 5 years ago after the implementation of infamous UIGEA the major rooms of the time already left, such as 888poker, Party Poker and Pacific Poker to name a few.

This witch hunting crusade has no goal other then satisfying the bigots in the USA as well as the ego of a few officials in the DOJ who have a very ambitious career plan. Remember that Rudy Guliani started his ascension to political prominence by conducting a similar crusade about some of the investments bankers on Wall Street. And this certainly led him a long way as he was a Republican presidential candidate at some point. So here we go again, if the DOJ can indict some of these online poker rooms and collect a few billion dollars in fees in the process, what a victory will it be for the district attorneys at the top of this process.

But this is a story very unlike the one of Drexel Burnham Lambert and Michael Milken who robbed the public of hundreds of millions of dollars. Here the DOJ is simply trying to restrict the freedom of millions of online poker players who love the game of poker and love to play it on the Internet. They are using a technicality regarding deposit and withdrawal processes to indict and close these businesses, adding to unemployment while doing so.

Let’s just hope that this fiasco leads to a clean online gambling regulation in the near term so that the major players are allowed to offer the game to everyone who decides to enjoy his favorite hobby.

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Sportingbet settles

Posted by betlover on Oct 4, 2010 in online gambling

In 2006 the online gambling world was shocked when a last minute change to the SAFE port act introduced the UIGEA which would make the transfer of funds to online gambling sites illegal.

Sports betting, casino, horse-racing, poker, and many forms of online gambling would be shut up because of the UIGEA. Any company that offered their services to American players got themselves into legal troubles in America. Sportingbet a sports betting site was one of the companies which found themselves in a big legal mess.

In 2006 following the UIGEA the sports betting site Sportingbet’s CEO was apprehended in New York. The arrest was a sign that Sportingbet got themselves into legal troubles in America because of the new bill for offering sports betting online to American players and accepting their funds transfers. Recently the sports betting company reached a settlement with the Department of Justice to the tune of 33,000,000 dollars. The sports betting companies’ settlement could help pave the way for others to attain a clean slate in America.

The sports betting company Sportingbet isn’t the only company working on clearing their name in America. Last year Party Gaming reached a much larger settlement which helped clear their name and wipe away all of their legal problems in the United States.

Sportingbet and Party Gaming aren’t the only companies in legal trouble within the United States. If sports betting, poker, and other gambling sites attempt to clear their names in America, there might be hope for those Americans who are waiting for a change with the UIGEA. One day Americans might be able to return to their favorite online sports betting and gambling sites.

This is a step in the right direction for the unclear legal landscape with respect to online gambling, let’s hope more will follow.

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