Bankers having trouble figuring out the UIGEA

Posted by Nat
April 13, 2008

I know this is a few weeks old, but I didn’t see it until today. I’m sure some blog readers haven’t seen it either.

Apparently there was a House hearing on Wed April 2nd about the enforcement of the UIGEA.

Feds say Internet gambling law ambiguous

I think it’s kind of predictable that this stuff would happen. It’s too hard to regulate the internet with good laws, let alone vague, contradictory and impossible-to-enforce laws that are meant to appease a tiny fraction of the US population that actively opposes online gaming.

Also, here is the YouTube video of part of the hearing:

Thanks to the PPA for putting that on YouTube.

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