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Why Won't They Work?

The UIGEA simply will not work with the currently drafted online casino gambling regulations if you ask just about anyone outside of the Bush Administration. Representatives from the US banking industry and financial services sectors publicly stated that the regulations as they were in their initial draft would cause severe and undue burdens on the banking industry. Those representing the interests of the online casinos and poker gambling sites protest that the drafted regulations violate their rights and unfairly exclude these companies from the US horserace betting industry, fantasy sports leagues, and other areas that have specific carve-outs in place.

There has been overwhelming objection to the UIGEA and the method in which the ban attempts to block offshore online casinos from the US market. Some of those protesting that the UIGEA is hugely flawed and needs to be revised are also actually both Republicans, and supporters of a ban on internet gambling…just not this ban. The UIGEA has some serious issues at a fundamental level – it doesn’t even define the phrase “illegal internet gambling” and instead leaves the defining of that term to the financial services sector to determine which online casinos ought to be blocked from the US market.

There has been a renewed push in the government right now to finalize the UIGEA regulations before the Democratic Party takes control over the government. US gamblers and citizens looking to stop the controversial UIGEA regulations from a hasty rewrite and implementation should consider contacting the US Federal reserve to voice complaints and express concern.