if you want to call formula HU 4 rolls it has to be at fullring

Nice article; I actually read it all. If you don't mind, I have a couple of questions.

1) One of your closing comments stated that "U.S. players will be able to avoid the intent of this law by sending their money to these sites through Neteller, a financial intermediary incorporated in Canada." Also, in the body of the text you explained that the provisions of the Safe Port Act would neither apply to Neteller, nor prevent US players from using it to facilitate funds transfer into [poker] sites.

My question is this: What happened to Neteller? Did the government simply extend/overextend the provisions intended by Congress, perhaps with a duplicitous Canadian government's wink-and-a-nod, to bring about Neteller's demise? Or, did the overall business climate- occasioned by the Act- bring Neteller down?

2) I'll apologize in advance for asking a question that I am sure I could research the answer. However, I'd like your answer. What are the implications for those of us that have money on-line and wish to withdraw it after 12/1/09?

3) If the answer to 2) above is that withdrawls will become problematic, at least in terms of how we have "customarily" made them, can you envision other methods that would legally facilitate them? (E.g., establishing a foreign or off-shore bank account, transferring funds to friends/relatives in other countries, etc.)

1.) I stand by those comments re Neteller. From my understandingt of the situation, the owners of NEteller were charged with some sort of TAx Fraud independet on the company. The government dropped the Tax fruad charges and as quid pro quo, the owners folded Neteller. If a Netteller like company was to spring up again, it would be perfectly legal for your credit card company to wire it money, and then for it to wire the money to Pokerstars etc.

2.) I haven't researched this enough to give an articulate answer. Is the government trying to crackdown on US banks ability to accept funds FROM online gambling sites as compared to sending money TO online gamblings sites? I haven;t read the text of the law in a while but I don't remebering thinking that it could do this. In any event, if a non-US financial intermediary is involved, the government can do very little about it.

3.) To expand, non of the UIGEA's provisions apply to players, just to US financial institutions. So as long as the money goes from the gambling site to some non US-based place, be it a bank in Canada or your Aunt Lucy in Geneva, that instiution can send it to your US bank without issue.

I appreciate all of these responses, cgro. I appreciate them even more knowing that I don't have you on retainer.

Thanks pal.

doc

im more worried about y10k, they said its gonna be twice as bad as y2k

So, since I have already had problems from my bank, is my new bank going to flip if I set up a checking account there and immediately start making big-ass international wires to it if I want to take some money off before December?

I've already done this...been at the bank only a month or so and had a bunch of largish international wire xfers in. No big deal. I actually got a call from them as one of their "most valued customers" to do a survey.

anyone got a link of whats suppposedly going to happen in Dec? lets face it, they been saying for YEARS online poker was gonna get GG'd and nothing happened!!!! is it going to be like what happened with party poker?

No one knows what is going to happen for sure. Go to the legislation forum, there are a ton of posts on there.