Saturday, February 03, 2007

US DOJ catches BetOnSports, Neteller: releases Party Poker.

02/03/07 by rjovi
US DOJ catches BetOnSports, Neteller: releases Party Poker. UIGEA causes "no-limit" jellyfish migration, shark bites and whale(ing).

Unlawful internet gaming enforcement act resulted in the arrest of Bet On Sports owners for illegally taking bets from US citizens. 100 days later, Neteller executives are arrested for money laundering; quickly shuts it's doors to US players. How will these actions affect online gaming, it's players and funding options?

Funding options became noticeably scarcer this week as several internet payment processors pulled out of the US fearing action from the US department of justice. Although, these few have remained: Epassporte, Instacash, ewalleteXpress, ATM online, Ecocard and Nucharge. Trying to enroll at these sites can be slow due to an unusual volume of traffic. New payments processors are preparing to enter the US market such as YouTeller (expecting a march '07 launch).

More gaming sites pulled out of the US since the recent Neteller bust. All-In Poker and Mansion have migrated to friendlier waters. Microgaming is an online gaming giant rumored to be leaving soon, possibly.

Affiliates those who promote these gaming sites are worried about being paid their commissions. This has not been a problem yet.

US Players whom have been using Neteller, FirePay, Citadel, Central Coin, Moneybookers, Payspark, Instadebit, and Click2Pay are seeing delays in gaming funds cash-outs. However, all gaming sites report funding to be safe and secure in offshore accounts. These sites may need to issue checks themselves to their players even if this wasn't an option in the past.

You will find more information here as it becomes available...stay tuned.

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