In September 2006, the United States House of Representatives and Senate passed legislation that would make it illegal for financial institutions to conduct monetary transactions with online gambling sites. This legislation, termed the Unlawful Internet Gambling Enforcement Act (UIGEA), was "tacked on" in the final hours (shortly before adjourning for the midterm elections) as an amendment to the unrelated and virtually unstoppable SAFE Port Act, which was intended to improve the security of American ports. The Act was signed into law by then U.S. President Bush on October 13, 2006. The specific UIGEA part of the Act can be read here.
Several large online gambling operators including 888.com, Party Gaming and Bwin immediately stopped accepting bets from U.S. customers, and saw their stock prices tumble accordingly. However, many other operators have continued to accept customers from the United States despite the legal uncertainty this law has created.
Curiously, no part of the UIGEA defines what exactly "unlawful Internet gambling" is and no part of the Act prohibits anyone from gambling online. A couple of years of hindsight has revealed the effects of this legislation to be:
- A minor inconvenience for U.S. players who would like to play poker or casino games online
- A flourishing industry of smaller, less visible, and largely unregulated operators happy to accept customers from the U.S.
- Most of the largest, most professional, and well regulated operators unwilling or unable to accept U.S. customers
- Billions of potential tax revenue lost by State and Federal U.S. governments
Below you can find an archive of all UIGEA related news articles we have posted to the site.
Sep 29, 2011 by CasinoListings
A pro-online poker petition put up on the White House's "We The People" website that would give congressional consideration to any petition with more than 5,000 signatures has exceeded that number and is continuing to grow by the day. Read more
Sep 27, 2011 by CasinoListings
Nevada's Gaming Control Board held a workshop to discuss the potential of having legalized online poker this week, with very little controversy or argument being generated. Read more
Sep 22, 2011 by CasinoListings
Legal representatives for Full Tilt Poker disputed the U.S. Department of Justice's shocking allegations that the troubled poker site acted as a global Ponzi scheme. Read more
Sep 21, 2011 by CasinoListings
The United States Justice Department dropped a bombshell in regards to troubled poker site Full Tilt Poker by saying the company was operating as a ponzi scheme. Read more
Sep 20, 2011 by CasinoListings
American Gaming Association President and CEO Frank J. Fahrenkopf Jr. has once again called for regulation of online poker in the United States by issuing a statement as well as unveiling a proposed code of conduct for poker site operators. Read more
Sep 19, 2011 by CasinoListings
The Nevada Gaming Control Board has set up the first draft for state regulations on internet poker, and a workshop has been scheduled to discuss the draft. Read more
Sep 16, 2011 by CasinoListings
Washington D.C. based coalition FairPlayUSA has announced that it has brought on Former Pennsylvania Governor Tom RIdge and Former FBI Director Louis Freech as members of its Advisory Board. Read more
Sep 16, 2011 by CasinoListings
Intrastate online poker is one step closer to becoming a reality in Massachusetts has made its way through the State House of Assembly this week. Read more
Sep 12, 2011 by CasinoListings
Online poker advocacy group the Poker Players Alliance (PPA) has initiated a new petition with the goal of spreading the word about how online poker legalization can help the economy. Read more
Sep 5, 2011 by CasinoListings
PokerStars has reached an agreement with the U.S. Department of Justice that will see the troubled poker site's funds released from a bank account. Read more