Top Article On The UIGEA
- May 14th, 2009
- Posted in Articles
I know it’s been over 2 years now, but the UIGEA is still a hot topic, not least because it hasn’t been fully implemented, but also because of the new legislation being proposed to not only reverse it, but to implement a framework for regulating Internet Gambling within the USA.
He also alludes to the fact that the US gambling laws have been somewhat misinterpreted from within the industry and some decisions to pull out of the USA were too hasty. Effectively the article places some of the blame on the industry for the way it reacted. He’s right of course, although the clever strategy employed by the DoJ was the driving force behind this.
Anyway, doing some research I came across a brilliant article on the UIGEA from US First Amendment attorney, Lawrence G Walters. He analyses the UIGEA, the effect on the industry and offers analysis of the longer term. It’s a long read, but it’s so on the money.