UIGEA Rules Finalized
For those that want to read it, head over to the Federal Reserve website.
The final rule goes into effect January 19, 2009 with compliance by December 1, 2009.
Update: could a rule passed during the days of Newt Gingrich be the savior to the poker player?
DanM says:
November 12th, 2008 at 12:38 pm
Ack. I can’t believe it actually happened. I mean I can, but for shame!
So any clue what this means for the industry as a whole? Does this change any current operations for the next year?
And should we all be looking to remove money from our online accounts ASAP?
Kevin Mathers says:
November 12th, 2008 at 12:40 pm
I guess we’ll find out those answers in the coming weeks/months. I’m sure all the lawyerly experts will come out of the woodwork to go over all this stuff.
California Jen says:
November 12th, 2008 at 12:46 pm
Ugh.
Easycure says:
November 12th, 2008 at 1:46 pm
Looks like we’re screwed. I’d personally like to thank Bill Frist for being a fuckhead, and President Bush and his lawyerly buddies for continuing the fuckheadedness.
smokkee says:
November 13th, 2008 at 12:19 am
suck balls PPA, you’re fired!
DanM says:
November 13th, 2008 at 1:02 am
You’re the second person to say that, Smokkee … I’ve been wondering why, as I’ve been under the impression that the PPA has been doing some really good work.
I think the problem is the poker media, and the poker companies’ reliance on them — but by becoming obvious shills for press releases, it means anything we have to say is taken less seriously by the non-poker media. Whether we’re talking about a final table or a major political issue, our shit is nothing if we can’t get people who could care less about poker to, um, care.