15
Jun

Using prepaid cards to gamble on offshore Internet gambling websites is not allowed under new U.S. legal rules that went into effect June 1, 2010. It is now up to banks and prepaid card companies to enforce the law, known as the Unlawful Internet Gambling Enforcement Act (UIGEA). The law is specifies that card issuers must police “illegal online gambling” transactions, but the Off Shore Gaming Association points out that the government has not provided clear guidance about what that exactly means.

It is important to keep in mind that the UIGEA was not written to go after any player sending money offshore or receiving payouts from gaming companies. Instead, it enforces steep penalties on financial institutions for allowing ‘illegal Internet gambling’ transactions to occur.

Some further background from Wikipedia.


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