With all the talk of online poker legislation in late 2010 it seems that a lot of people have forgotten that the only real hurdle to clear is the REPEAL of the UIGEA legislation that was passed in 2006, and went into full effect in June 2010. Prior to the UIGEA legislation, which prohibits banks and other financial institutions from processing “illegal” online gaming transactions, online poker players had no trouble whatsoever depositing and cashing-out from online poker sites.
So theoretically, we do not need online poker legislation in order to play online poker minus the current oppressive atmosphere (although some regulation would be nice down the road); what we need is to repeal the UIGEA legislation thus allowing legitimate payment processors back into the online poker fold. Right now we are faced with fly-by-night payment processors servicing the online poker industry, with long processing times, and increasingly stiff fees being levied on the online poker sites themselves.
Furthermore, as the Department of Justice continues to crackdown on these payment processors, less, and less will be available and the ones that do remain will want a pound of flesh for them to offer their services to US poker players.
Because of this it may be time for online poker advocates to change course, and instead of trying to get legislation enacted –which proved to not only be practically untenable, but would come with severe restrictions on the current online poker industry—the focus should be shifted to the repeal of UIGEA legislation possibly allowing payment processors like Neteller and PayPal to reenter the online gaming market. Not to mention a free-flow of funds between credit cards and bank accounts.
A repeal of UIGEA would not only reset the poker world to pre-2006, but would also add to the urgency of government’s role in regulating and legalizing the industry down the road. With New Jersey knocking on the door of legalized online gaming the atmosphere has never been more ready for the repeal of the pointless UIGEA legislation –the government is basically prosecuting these fly-by-night payment processors that THE GOVERNMENT created by loosing UIGEA on legitimate payment processors like Neteller and PayPal! Without UIGEA legislation many of these payment processors would not even exist –they are simply filling the void created by the UIGEA.
I’m hopeful that the Poker Players Alliance, iMEGA and other poker advocacy groups will push for UIGEA repeal instead of trying to repeal UIGEA and create new legislation in its place.
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This post is completely wrong. All of the closures of payment processors has nothing to do with UGEIA, to date UGEIA has only been cited one time. Payment processors are going down due to the recoding of credit card receipts and other banking industry crimes which were already in existence prior to UGEIA. UGEIA is just a nuisance, repealing UGEIA will not stop the Federal Government from seizing illegally processed funds, they were doing this even before UGEIA but since it hadn't affected poker players yet nobody noticed.
@Truth, but UIGEA gives the DOJ a leg to stand on when it brings charges against people who run these payment processors. The reason it has only been "cited" one time is because only ONE person tried to fight the charges, he quickly backed down.
If there was no UIGEA there would be no reason to recode credit cards; I played well before 2006, and payments were instanaeous, and cashouts were nearly that fast. UIGEA changed everything, and is the reason banks and processors like Neteller and Paypal stopped accepting these transactions.
After UIGEA was passed many banks and processors preemptively stopped accepting online poker transactions before June 2010, which is when credit cards started being recoded by online poker sites and payment processors, there was no reason to do this prior to 2006.
Repeal of the UIGEA is impossible. Even a poker carve out is a long shot. Congressmen/Senators would probably never even bring a full repeal to a vote, and poker usually gets lumped in with house games, so you'll have a hard time swaying anyone to your favor. The ones you do sway will never be as vocal as you opposition, simply because there is nothing for them to gain, it is a relatively small issue, and opposition has everything to lose. Pre-UIGEA is not anywhere in the future. There are only really 2 possible ways to get anywhere close:
Convince several banks/processors(MC, Visa..not Neteller) to allow poker/skill game transactions. This ends in litigation most likely, but it would be the money organizations lobbying for iPoker instead of the PPA.
Or
Legislation. This is what everyone and no one wants. Any bill that has the possibility to pass will not be player friendly.
Continued
What will most likely happen:
Nothing. The PPA doesn't have to lobbying power to get anything passed at the federal level. If the PPA wants pre-UIGEA, then they need to set their feet in the ground. If they want a worldwide market then they need to partner with current sites. Players need to create an auditioning/
Sites sucks to reply on
Players need to create a not for profit auditing/regulation company for all sites that offer games to US players. Current sites would need to not only submit to this company but fund it. Create a tax code and if sites comply you have real to bring to your reps.
If you want to go the way of legislation in the US, then partner with big casinos. US only sites will not exsist without these companies getting apiece of the action.
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