Treasury and Fed Delay Internet Gaming Regulations as Congress Holds Hearing on Legislation to Legalize Internet Gaming

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Monday, February 1, 2010
Author: 
Bruce Zagaris
Volume: 
26
Issue: 
2
83
Abstract: 

On November 28, 2009, the U.S. Department of Treasury and the Federal Reserve Board announced that they have extended the compliance date for the final regulation implementing the applicable provisions of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) six months. On December 3, 2009, the House Financial Services Committee held a hearing on various bills to legalize Internet gaming. The two developments have caused more questions about the future of U.S. prohibition of certain types of Internet gaming and its ability to enforce effectively the same....more...