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rakeback News

October 27th, 2009

Poker Players Alliance update on UIGEA December Deadline.

The deadline of December 1st is looming for rules to go into effect for the Unlawful Internet Gambling Enforcement Act in the United States.  The Poker Players Alliance is still doing everything it can to try to delay the federal government’s implementation of the law. For those Players within the Rakeback Community who live in the US and so will be affected come the 1st of December, here is the latest video From the PPA explaining the current situation.

The PPA has announced it is partnering with national horse and dog racing associations in opposition to implementation of the UIGEA. The video also notes that 50 members of Congress have voiced their wariness of the rules going into effect with the Department of the Treasury. It’s still not 100% clear what the Dec. 1 deadline will mean for online poker in the U.S. The PPA and some members of Congress are arguing that implementation should be delayed for logistical reasons, claiming that the amount of institutions that would be unable to comply with the rules would essentially render them ineffective. The UIGEA forces banks to block certain transactions, but the type of transactions that should be blocked are far from clear.  Some banks and financial institutions have already put policies in place to try to make sure that they are in compliance with the UIGEA.

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