Well, it is the beginning of June. And that means that the Unlawful Internet Gambling Enforcement Act (UIGEA) is now in effect.
But really do not expect things to change for those who play in online casinos and gamble online. The actual implementation and action of UIGEA does not rest on the shoulders of those of us who play blackjack online, or slots online, or poker or any other online casino game. That is correct. The UIGEA does not actually focus enforcement on the players.
Rather the enforcement and implementation rests in the hands of financial institutions, such as banks and credit card companies. Under UIGEA banks and credit card companies are the ones responsible for stopping all transactions to and from online casinos.
And that is why those who play online casino games will probably not be as affected by the UIGEA as they might think. See, online casinos are on the clever side. They use coding so that banks and credit card companies will not recognize that the funds to or from an online casino will not be recognized.
The UIGEA says, in short, that banks, credit card companies and other financial institutions cannot knowingly process transactions to or from online casinos. But if, thanks to the coding used by online casinos, banks and credit card companies do not recognize that the transactions are going to and from online casinos then they will not be able to stop them. And because they are not knowingly processing the transactions, it makes them