Poker Practice Blog

Tag: uigea

  • Ben Mezrich defends Angle he took in New Book “Straight Flush”

    One of the biggest stories in the poker world over the past few weeks has been Ben Mezrich’s new book Straight Flush. Mezrich, who’s famous for writing The Accidental Billionaires and Bringing Down the House, took an in-depth look at the rise and fall of Absolute Poker in his latest work. But many poker players…

  • Ben Mezrich on Absolute Poker – “They were Days away from being like Mark Zuckerberg”

    Ben Mezrich continues to receive mainstream coverage on his book Straight Flush. The Accidental Billionaires author’s newest work dives into the story of how six University of Montana frat brothers founded Absolute Poker. As many know, Absolute would become one of the world’s largest online poker sites, pulling in $1 million in profit a day…

  • Online Poker removed from Wire Act – Legal Now?

    In a surprise bit of news the other day, the US Department of Justice clarified the Wire Act of 1961, and stated that online poker is no longer considered in violation of this law. This is a pretty big victory for online poker in the United States because the Wire Act outlaws gambling when it…

  • UIGEA Goes Into Effect For Banking Institutions

    Most real-money online poker players in the United States are familiar with the Unlawful Internet Gambling Enforcement Act (UIGEA), which puts limitations on online gambling within the United States. However, not many were aware that the act did not officially go into effect until this month. June 1 marks the date in which banks and…

  • Internet Gambling Regulation and Tax Enforcement Act Back on the Scene

    For those of you who are following the introduction of various online poker and Internet gambling legslation in Congress, Representative Jim McDermott’s Internet Gambling Regulation and Tax Enforcement Act was reintroduced last week. This act serves as a companion to Barney Frank’s bill to overturn the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006. The…

  • Are More Senators Jumping on the Online Poker Bandwagon?

    It’s no surprise that House Representative Barney Frank of Massachusetts supports online poker, with his very public work to overturn the Unlawful Internet Gambling Enforcement Act (UIGEA) over the past couple of years. By the same token, other congressmen such as New Jersey Senator Robert Menendez have also publicly supporting online gambling. However, in recent…