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Comment Re:a question (Score 1) 93

My understanding is that the wire act hasn't been used to apply to anything on the internet. The DOJ wrote an opinion to this effect last year too.

The UIGEA applied to "illegal gambling" but didn't define what illegal gambling was. There's nothing on the federal books saying that poker was illegal gambling (though there IS for sports betting). It was therefore the opinion of PokerStars et al that they didn't need to change anything. However, when the UIGEA regs came in (I believe 18 months later) they were so onerous for financial institutions that they mostly decided to not allow any transactions. The Black Friday charges mostly relate to the sites trying to transfer money in and out.

It's not at all clear which charges apply to PS, which to FTP and which to UB/AP, but some of the charges are straight bank fraud.

To be or not to be, that is the bottom line.

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