The many problems of Black Friday and the issues that Party Poker and other poker sites had with US poker players on account of US banks not being able to process gambling rated transactions to offshore sites can all be pinned down to the UIGEA.
In every way possible the UIGEA act has managed to turn the US online poker market upside down and push away nearly all of the biggest online poker sites catering to US players. There for the long term solution for US poker players would be to get proper legislation in place so that they can game online.
The recent call for a hearing on internet gambling scheduled by the US House Subcommittee for Commerce, Manufacturing, and Trade is a step in this direction. The date for the hearing on internet gambling has been set for October 25th, 2011.
As of now, there is a bill promoting the legislation of US online poker that is sitting on the table and slowly making its rounds. If this bill should get passed, then it will change the face of the US online poker market completely. This bill is called the HR 2366 and is also called the Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act and may be a strong topic of discussion at the hearing.
John Pappas, the Executive Director of the Poker Players Alliance (PPA) commented on the upcoming hearing. “The hearing may be more about internet gaming, but the Barton bill will be hard to ignore given that Barton sits on the subcommittee,” he said.
The proposed HR2366 would attempt not just to legalize online poker in the United States but also to regulate it. This would be set into motion by the state permitting state-licensed groups and organizations to function as regulatory authorities. It is expected that New Jersey and Nevada, will be the first 2 states to move with this bill, should it get passed.
It is hoped that the HR2366 is fully considered by the committee; in the event that this does not happen, the HR2366 should ideally be sent for a markup or a sort of review, where the bill is amended in a way so that it can pass and then sent for approval again.
In the meantime, the PPA is working on pushing the bill forward and rallying support. “The PPA and its lobbying team will continue to meet with members of the subcommittee and their staffs leading up to next week’s hearing. We will be asking PPA members whose U.S. Representative is a member of this committee to contact their member directly before the hearing.”