Playing Poker in the US – Is it Legal -If you have kept up with the online poker world since the passing of the UIGEA, you may have noticed a slight shift of revenue. After the bill was passed, publicly traded poker rooms such as PartyPoker dropped nearly 40%. In the aftermath, the non-publicly traded poker rooms swooped in to get as many US players as possible. While PartyPoker is now focusing on different markets, sites like Full Tilt and Poker Stars are raking in the revenue with US players.
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The reason some sites pulled out and others did not has to do with the board of executives. When a company has shareholders to please Poker Online, operating in the gray area of the law is not an option. Protecting shareholders is a top priority for publicly traded companies.
So what exactly did the UIGEA do? In a nutshell it basically tried to crack down on the banking side of the online gambling industry. Many online payment processors were suddenly pulling out of the US market and some were even investigated for conducting transactions after the UIGEA was passed. The UIGEA vaguely states that it is a crime for a bank to transfer money to an online gaming site.While I am definitely not a lawyer QQ Online, and this is by no means legal advice, make your own decision. Remember that thousands of people play poker in the US every day. In the coming months or years poker will most likely be allowed back in the us for online gaming. The online gaming industry is in for a bumpy ride until all of these legal hurdles are worked out.