As a US player, I'm naturally curious about the Unlawful Internet Gaming Enforcement Act, passed in 2006, and what will happen on June 1st of this year. I feel that these issues are misunderstood by a lot of poker players.
The UIGEA doesn't make playing online poker illegal, as some players think, but rather makes it illegal for banks to accept transactions that they think are related to "unlawful internet gambling." The act doesn't clarify what this means, and leaves it up to the banks to make their own judgment. It also mostly concerns deposits, not withdrawls.
June 1 is the final date for compliance with the UIGEA, meaning that banks can be punished for failing to act in accordance. Many have already started to tighten up, so it's not certain whether or not June 1 will see any significant change. I feel like it won't be much of a difference, but many fear that the U.S. market might start to gradually dry up.
On the other hand, if a major bank comes out with a definite stance on the issue, that might be all we need to get the wheels in motion for some actual change and hopefully official unambiguously legal poker in the future.
I'm a little apprehensive as to what will happen, and I hope that the poker climate stays positive.
What do you all think? Any concern?