There are some interesting things
going on in the world of online poker. For starters let's
clarify what the current law is in the US regarding online
poker. The only thing that is currently illegal in the US in
regards to online poker has to do with financial institutions
(banks). In a nutshell, it is illegal for banks and processing
companies in the US to process transactions related to online
gaming period. A gaming site operator could also go down for
aiding and abetting.
A U.S. online poker player has never been prosecuted for playing
online poker. There are several online poker room empires that
still take wagers from US bettors. Those rooms are Full tilt
Poker, Poker Stars, Ultimate bet, and Bodog. The funny thing is
that these poker rooms have endorsed players that you still see
all over the television. Like, Jamie Gold, Joe Hachem, Chris
Moneymaker, Phil Ivey, Howard Lederer, and many more. These
online poker companies are private which allows them to avoid
much scrutiny in the public eye.
It's amazing. I am playing poker on Bodog right now as I am
writing this article. I used my ATM visa debit card to make a
deposit on Bodog. The transaction was instantly approved by my
US Bank. The bank I use is called U.S. Bank.
The UIGEA was passed last october and has many people wondering
if it can be enforced. Ironically, the US online poker market
has been consolidated into the hands of a few wealthy people and
companies. The online poker rooms still exist and the ones like
Poker stars that still take US players have grown by several
hundred percent or more overnight.
There appears to be no end in sight to US poker. Online poker is
a $6 billion dollar a year industry, and over 50% is from
outside the US. Regardless of the US laws on the book, there is
nothing federally illegal about a US citizen placing a poker
wager online. There are 11 states whom have laws against it, so
you should check the laws in your jurisdiction before ever
making a wager of any kind online.
Ironically, it is also possible for a US citizen to own part or
all of a online poker room providing the company isn't based in
the US and that the company does not take wagers from US
players. There are countless opportunities to get a piece of
this market from any citizenship legally.
The much anticipated UIGEA court hearing to repeal the US law
has been pushed up to September 26th 2007. iMEGA is filing suit
against the US government. The defendants are the U.S.
Department of Justice, the Federal Trade Commission and the
Federal Reserve Board of Governors - all agreed to the date
change. The reason for delay is that the defendants asked for
more time to prepare their case.
Time will only tell as it appears the courts' decision and
ruling could go either way.
get more information, updates, and opportunities at
http://www.pokerroomstartup.com
NEXT ARTICLE >> How to Achieve Success in an Online Poker Room
Want to succeed in online poker? Who doesn't? You surely
have heard of success stories of those who started with
very little in an online poker room yet eventually made
a fortune. Though these cases do not occur very often,
the right strategies and patience can help you achieve
success in online poker.
5 Secrets Of The Poker Mental Game
The last card is dealt face up and it gives your
opponent the winning hand. He made a runner runner full
house beating your flopped straight. That is just crazy
you think to yourself. Some heat and anger build up
inside of you and you start playing like a reckless
maniac, raising and calling off your chips.
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