US authorities don’t know how to apply internet gambling laws - Jackpot.co.uk

Federal Reserve and Treasury officials in Washington have admitted they are finding it hard to implement rules to underpin the Unlawful Internet Gambling Enforcement Act 2006 (UIGEA) that effectively banned online gambling in the U.S.

The bill made it illegal for banks to process transactions from online gaming companies and led to catastrophic results for companies such as PartyGaming and Sportingbet and their departure from the U.S market.

Now the Federal Reserve and Treasury Department are responsible for drawing up the laws that will implement the act.

"That is something we're really struggling with," said Louise Roseman, director of reserve bank operations and payment systems at the Federal Reserve.

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