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UIGEA is Ineffective

Having just passed the year mark for the Unlawful Internet Gambling Enforcement Act, many find that the law is just as ineffective as experts predicted it would be. Some said that there would be too much confusion with the law, others said that it would not work – still others held out hope that all online slots playing and gambling would cease.

However, many people aren’t even aware that a law was passed making online slots and gambling illegal as there does not seem to be a whole lot of change on the gambling front. Online gambling is not even banned, just the paying of it was. Therefore, if you can find a company outside the US you can easily continue to gamble, and many online sites will tell you just where you can go for that.

The only thing that seems to have actually have happened is that they are not able to keep track of the online gambling companies as many of them have moved overseas, and now you have no way of knowing who controls the money. The big companies that people were familiar with like SportingBet and 888 Holdings left the market and lost tons of money in the process – but that didn’t stop people from playing the online slots either.

The banks are supposed to be blocking online slots and gambling transactions, but since they just got the rules and regulations on that requirement, it has not really been happening. It may be more difficult to play that favorite online slots game, or hook up with a poker game – but you can still do it. All it has done is make those legal companies back off and make room for the less than desirable ones to take advantage of US citizens.

Back to October 2007 Archive.