US Lawmakers Ask to Postpone the UIGEA

December 1 might mean the start of the Yuletide season, but for some, this means the start of the implementation of the financial rules to put in force the prohibition on online gambling.

This implementation is fast approaching, and US Lawmakers are asking the regulators to delay this by about a year.

Reasons Set Forth

The reasons set forth by the US lawmakers are very valid.  For one, pushing for the implementation of the UIGEA on December 1, 2009 will put an undue burden on an already-strained financial situation, especially during the recession which is already creating such havoc in the economy. [Read][more...]