Friday, April 15, 2011

Feds Shut Down Online Poker

The U.S. Department of Justice has brought indictments against all the major online poker site's owners and against 76 banks for processing payments to the sites. The charges are that they were acting in violation of the UIGEA of 2006. I thought that I wouldn't be able to cash out or deposit, but apparently I can't even play. Details are still emerging, but clearly this is not good. Even if this were not the complete end, this will crush the number of players who are willing to deposit and play and fuel the online economy. So even if the sites come back into operation the percentage of new players and fish will be a lot smaller than before, unless some drastic measures are pushed through Congress that will legitimize and legalize it.

Beyond the frustration as a poker player, this also adds to my disgust for the current size and content of our current government.

You can follow the latest discussions on this 2+2 thread .

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