Online Poker World Marks Black Friday

Published April 16, 2012 by OCR Editor

Online Poker World Marks Black Friday

The online poker world was rocked by US indictments one year ago this week.

Black Friday rocked the online poker world one year ago this week, when US authorities shut down the websites of Full Tilt Poker, PokerStars and Absolute Poker and charged them with illegal gambling and money laundering. The American Gaming Association and other groups have taken the opportunity to make a renewed call for regulation.

Legalize Online Gambling

Despite the US Department of Justice's action against several illegal Internet gambling companies, hundreds of offshore Internet sites continue to operate, putting millions of Americans at risk of being defrauded, the American Gaming Association pointed out in its statement to mark Black Friday.

The AGA said that in order to correct this situation, Congress needs to adopt changes and modernize and strengthen the Wire Act with conforming amendments to the Unlawful Internet Gambling Enforcement Act that would unambiguously eliminate illegal online gambling.

Give States Rights

Furthermore, the current law should be modified to establish federal guidelines so there will be consistent online gambling regulations in all states that choose to authorize it, the AGA said. It did not name states, but as we have reported recently, California and New Jersey are among those looking to push ahead with legislation.

The AGA pointed out that federal guidelines would prevent fraud and money laundering, stop minors from gambling online, and ensure responsible gambling and defend against players being cheated. All that is needed is for regulations to be smoothed out in order to avoid all this confusion.

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See also

Online Poker Stars Struggle Post Black Friday

Scottish and French Teams Make the Final Push on Friday

The French Ligue 1 Football Clubs Usher in European Football on Friday

The Race for Second Place Heats up in Major Football Leagues on Friday

Borussia M’Gladbach and Freiburg Usher in the Bundesliga Weekend on Friday

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