Six Month Delay on UIGEA

It was recently announced that the UIGEA will be delayed for six months. The news came out just last week that the rules enforcing the implementation the UIGEA will be delayed for six months. This is excellent news for poker players.

If the Unlawful Internet Gambling Enforcement Act had gone into effect then all American financial institutions would have been forced to cease the processing of transactions related to internet gambling.

This past Friday the US Department of Treasure and Federal Reserve Board announced that the final date for the UIGEA to be implemented was June 1, 2010. The delay was unexpected but much appreciated. The six month delay will give the US House of Representatives Financial Services Committee time to hold hearings on legislation that could help online gambling in the United States.

HR 2266 is up for debate which would delay the UIGEA for another six months and the HR2267 bill would regulate and license online gambling in the United States. The PPA, the Poker Players Alliance, has commented that the delay could be the first step to legal and regulated online poker in the United States.

‘This is a great victory for poker but an even greater victory for advocates of good and fair public policy,’ said Alfonse D’Amato, Chairman for the PPA. ‘These additional months are critical to provide legislators time to clarify UIGEA and pass legislation to license and regulate poker early next year.”

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