Check cash outs --

[portisfreak]

This bill ruined my day. Nearly go busto last month then manage a series of miracle wins playing live mini-MTTs I manage to win back most of my bankroll back, then THWACK. Anyway, my question:

If we take a check cash out directly from a poker site, is it illegal under the new legislation? Most of my 'roll is in a bank account and going busto with what's online is unlikely to affect me greatly. I just want to know if I'd be potentially committing a crime by accepting the check.

[A_C_Slater]

Will a bank be able to cash these checks? How will they know that it comes from gambling?

[furyshade]

read the bill, it clearly says that cashing out is still legal, but depositing isn't

[Lucky]

[ QUOTE ]
read the bill, it clearly says that cashing out is still legal, but depositing isn't

[/ QUOTE ]

Are you sure about this? If so, not great, but good news nevertheless.

[scrapperdog]

Are you sure that cashing out is legal but depositing is not? 1000% sure? If this is true I will be depositing on every poker site I have an account on so this is important to know. That way if they ban accounts on some of them next week I still have money to play with on others. This is really important information and would appreciate if someone 100% sure would answer this.

Yeah, this doesn't make sense to me. Wouldn't that mean that assuming you just deposit a plentiful amount of money right now that you should be unaffected by this law? I understand te impact that it will have regarding the number of "fish" who are able to play, but as I've said in other threads, I'm willing to sacrifice that if I can still play.

[MiltonFriedman]

"If we take a check cash out directly from a poker site, is it illegal under the new legislation?"

No, the Act only deals with deposits.

[scrapperdog]

So now would be a good time to stock up on deposits?