Upon the passing of the Unlawful Internet Gambling Enforcement Act, the use of online gambling was first prohibited in the true sense. The number of online gamblers on the internet was reduced radically ever since its enforcement in 2007. This maybe because online gamblers feared that they also might get arrested or their favorite gambling site will get shut down.
Repeated efforts to put these fears to rest have been quite useless. Because most folks aren’t aware about the provisions of the UIGEA, their fears more often do not have basis. More information about the UIGEA is really needed.
How It Is Enforced
To put it simply, the UIGEA gives online gambling sites and players a hard time in going about their business. Looking at it through two measures can give a clearer image. One, the necessitation of gambling licenses under the Financial Crimes Enforcement Network, which will thoroughly assess the qualification of a gambling site to operate under legal measures; and second, the reclassification of certain games – poker, chess, and others – so that they will not be under the scope of the UIGEA.
US players can enjoy more security because of the UIGEA. In the end, the online gambling sites will be easier to track down, and so, running away from customers will be harder for the gambling sites to do. Problem is, the UIGEA has affected things adversely. Actually, it hasn’t been enforced properly The enforcement problems of the UIGEA has been the reason for the myriad of failures in internet gambling.
How Things Are Now
Even more problems have sprung from the lackadaisical enforcement of the UIGEA. This has much to do with the shareholders of gambling sites. For US-based shareholders and investors, it has been more favorable to pull out of online gambling because of the problems and issues with the legalities. This, in turn, has caused many online gambling sites to shut down. The shutting down of online gambling sites has only led people to believe that UIGEA is actually valid. In reality, the online gambling sites would still be operational if this Act did not exist. Instead of safeguarding the gambling world in general, it has only caused it a severance of a lot of ties.
However, this is not the only worse effect of the issues with the inefficient enforcement of the UIGEA. Now, there is a lot of confusion involving a lot of states in allowing online gambling to be accessible to their citizens. If you look at it closely, the UIGEA does not actually keep players in the US from gambling online. Some states however understood it differently. These states are currently prohibiting US players from enjoying online gambling. On that note, other states still let their citizens enjoy the world of online gambling. It is quite clear that these states’ understanding of the UIGEA differ. Unless the UIGEA is enforced in the proper way, this dispute in the legalities will exist.