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Poker News: January 15, 2007

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Copyright © 2007 eMedia Wire

HEADLINE: Poker Sites Allowing US Players But For How Long?

The handful of poker sites allowing US players to play for real money question how much longer their US friends will be able to play. Regulations rumored to go up to or past the deadline of July according to Compatible Poker.

In a recent post by Compatible Poker who is monitoring the US poker site situation Compatible Poker mentioned that some US poker players may have longer than expected before banks close down to online gamblers.

In an article done by Russ Fox for Gamblinglawus it was stated that banks may not regulate gambling transactions until July or even after. July is the last of the 270 period starting from when the President signed the bill on October 13, 2006. The 9 month period was formulated to develop a plan and enact regulation to ban gambling transactions in the US.

According to the article blogged by Compatible Poker, Fox speaks about how regulations must be submitted, approved and all sorts of revisions before the law comes to be. Fox also said there are some statues that have been working under temporary regulations for over 20 years.

On the other hand many insider rumors have said they expect to see regulations to set during February. There has been no evidence to support or back up these claims and many of the people setting these rumors are going on hunches.

The closing of Pinnacle Sports last week scared many online poker players into thinking, "Is PokerStars next". Poker Stars along with Full Tilt Poker are the largest sites accepting US players and this out of the blue closing of Pinnancle Sports and Casino had some worried that the end was near, for US gamblers at least.

It has now been exactly 3 months since President Bush signed the Unlawful Internet Gambling Enforcement Act. The poker sites and casinos accepting US players have continued business as usual and Compatible Poker expects to see only minor changes happen in the next few weeks.

More US online poker and casino news will continue to be tracked at Compatible Poker.

News Source:
Mario Portiana
US poker news

This information does not represent nor claim that it is legal to gamble in the United States. Poker players and online gamblers should check local jurisdictions before playing for real money online.

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Related: See U.S. Players Allowed Here

Article downloaded from the World Wide Web on Jan 14, 2007:

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