..

US Government Confirms UIGEA Online Gambling Delay

Written by:
C Costigan
Published on:
Nov/27/2009

As first reported by Gambling911.com on Wednesday, the Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban unlawful Internet gambling.

The confirmation came from both agencies on Friday.

Both said Friday that the new rules, which were to take effect on Dec. 1, would be delayed until June 1 of next year.

The rules seek to curb online gambling by prohibiting financial institutions from accepting payments from credit cards, checks or electronic fund transfers to settle online wagers. The financial industry complained that the new rules would be difficult to enforce because they did not offer a clear definition of what constitutes Internet gambling.

Find Online Sportsbooks - Get Free Cash Here 

Gambling News

Micro-Betting Explained: What Are the Sports Best Suited for This Wagering Model?

Micro-Betting Explained: What Are the Sports Best Suited for This Wagering Model?

Speaking to iGaming NEXT, venture capitalist and managing partner of Sharp Alpha Advisors Lloyd Danzig said: “Soccer is a low-scoring game with a continuous clock, minimal stoppages, and far fewer discrete events as compared to the most popular US sports. Basketball, baseball, and American football appear to be especially well-suited for micro-betting.”

Heat Map Shows Negative Sentiment Toward Kevin Durant Amid Trade Talks

Heat Map Shows Negative Sentiment Toward Kevin Durant Amid Trade Talks

According to our social media study that combed through nearly 500,000 tweets, Massachusetts and the surrounding states that support the Celtics do not want Kevin Durant in Boston.

AP Poll vs. CFP Odds for 2022 Compared

AP Poll vs. CFP Odds for 2022 Compared

When comparing the College Football Playoff odds against the AP Poll rankings released today, there is no disconnect in the Top 4 teams as both sets align perfectly.

Brash Gambler Who Won $53K Gets Robbed Shortly After

Brash Gambler Who Won $53K Gets Robbed Shortly After

An unidentified man who took his winnings in cash was followed to his hotel in the early hours of June 14 and robbed.  Now Tampa police have two suspects they are questioning.  A third remains at large.  None of the suspects names have been released and no arrests made.

Adrien Broner Bows Out of Fight Versus Omar Figueroa Jr Over Mental Issues: Figueroa Says It's "BS"

Adrien Broner Bows Out of Fight Versus Omar Figueroa Jr Over Mental Issues: Figueroa Says It's "BS"

Broner was the -250 favorite in Saturday's now cancelled fight.

Syndicate