
I wrote a while back the status of online poker in the US. Here's an important update which occurred today. First, some background. The Treasury department was scheduled to release on Nov. 1 the final regulations on how the UEIGA was to be implemented by banks. As you remember the UEIGA does not define "gambling" at all and because of that online poker, along with other games on the internet, were lumped into the possible prohibition of the UEIGA.
A while ago Rep. Barney Frank introduced a bill in the House of Representatives which would have forced Congress to define what gambling is in the UEIGA. That bill did not make it out of committee. Today a new bill written by Rep. Barney Frank was voted on by the same committee passed. The bill is H.R. 6870 and states that the Treasury department cannot implement any regulations under the UEIGA for anything except sports betting. This means if this bill becomes law, online poker will be exempt from the UEIGA and will be legal in any state which does not expressly prohibit online poker.
H.R. 6870 passed today so it now moves to the full House of Representatives. There are rumors that the bill might be tacked on to a must pass legislation in 2008. If that did happen online poker could be expressly legalized by the end of the year.
This is an important step in the political process if you play online poker. This could open up the gates of online poker again to the masses and we could see a huge main event at the World Series of Poker next year. If you play online or are interested in playing online you should write your Representative in Congress and tell them how you feel about this issue. You can do that here:
https://forms.house.gov/wyr/welcome.shtml
Or check out the Poker Players Alliance.
http://pokerplayersalliance.org/