Poker Operators Deposit OptionsOnline Financial Operators and US Gambling Law
There are two important online depositing institutions in the online gambling industry at the moment. These are namely firepay and netteller.
The issue around the US legislation and the online gambling industry has directly linked financial payments as a priority in stopping illegal online gambling.
Firepay issues this official statement regarding the online gambling industry legislation in the United States;
“The Act does not define ‘unlawful Internet gambling’ nor does it make unlawful any activities by financial institutions that are not themselves gambling businesses.
“The Act directs the United States Federal Reserve and the Department of the Treasury to develop regulations that would direct financial institutions to identify and block certain types of financial transactions connected with unlawful Internet gambling.
“The enactment of the Act will have a significant negative impact on the business and results of operations of FirePay.
“FirePay’s Board is evaluating the situation and will provide an update when appropriate.”
