Each time that I play an online casino I get a twinge when I am about to deposit my money. Being from the United States, it is very difficult for me to deposit my money from my credit card and I am reluctant to tie my bank account to my online casino. Because of this I have been forced to deal with money changing systems that make me buy "phone credits" or gift cards which are then exchanged at the casino for playing credits. This whole system makes me feel uneasy and forces me to ask the following question: Are players from the United States who use these systems laundering money?
Money laundering is technically defined as "the practice of disguising the origins of illegally obtained money". In the States it is also a felony.
When the U.S. government passed the Unlawful Internet Gaming Enforcement Act of 2006 (UIGEA) it wanted to force online casinos shut by stopping the flow of money from American players to their casinos. While it technically did not define illegal gambling it took a big hit out of the industry by restricting the flow of funds. It has indeed become hard to deposit and withdraw funds from processors that are being cracked down on by the Feds (especially since Black Friday) and many of those payment processors are being shut down. This leaves us with directly tying our bank accounts to the casinos or using the gimmick purchases to be transferred immediately to the casino so you can play.
When you analyze the method of purchasing a gimmick good it is hard not to think we are money laundering. We are buying a good that we know we will never see and know that it is going to a casino. If this were standard money being transferred between the player, credit card company, and casino it would technically be illegal according to the UIGEA (which I think needs to be overturned in place of regulated gambling or be found unconstitutional). However when we purchase these fake phone minutes or gift cards, we are disguising the way our money is going into the casino; hence it is illegal gambling. When we withdraw our money from the casino, things get a little more murky in my book.
I always demand a check from the the casino. I don't want anything uploaded to my credit card, nothing wired to my bank. A paper check works best for me, and that is a funny thing in of itself. If my checks come from a casino in Antigua and the bank is from Texas but shipped from Quebec to my house in the States, what the hell IS that exactly? I have no clue, and I am unsure as to whether or not the UIGEA makes it illegal or not.
While what we are doing may or may not be technically a felony, I think that it is highly unlikely that any online player will ever see any consequences because of this action. It simply would tie up too many resources to prosecute people for playing a game, and there really is no harm being done in moving OUR money the way we see fit.
But then again I never thought I would see a lot of goofy things my government does. Shrimp on a treadmill anyone?