Bet From Anywhere Blog

The Congress held the hearing about online gambling and the UIGEA which currently prohibits online gaming by forcing the financial institution to block financial transactions that are going toward internet gambling. Today’s hearing, a summary of which is available in all it’s glory by PPA including videos, supporting materials and even transcript coming shortly.
We however, [...]

The current laws about Internet gambling have had damaging unintended consequences far beyond their intended target, according to a study published March 27, 2008 by the Competitive Enterprise Institute.
The Unlawful Internet Gambling Enforcement Act (UIGEA), passed in October of 2006, has little to do with gambling itself, but is actually a wide-ranging regulatory mandate on [...]

Congressman Barney Frank (D-MA), chairman of the House Committee on Financial Services, will hold a hearing in early April to explore the burden on U.S. financial institutions to comply with the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). The law was intended to deter illegal Internet gambling activity. Meanwhile, support for legislation that would [...]

As more groups begin to analyze and sound off on the effects of the Unlawful Internet Gambling Enforcement Act of 2006 officials at the Treasury Department and the Federal Reserve found that out after sifting through more than 200 comments from banks, gamblers, church groups and members of Congress on recommendations for the UIGEA, the [...]