PDA

View Full Version : Does this mean cashing out is illegal?


9999999
10-16-2006, 10:56 AM
Doesnt this make a cashout / withdraw illegal?

"No person in the business of betting or wagering may knowingly accept, in connection with the participation of another person in unlawful internet gambling

1)credit or proceeds of credit extended to or onbehalf of such other person

2) electronic fund transfer or funds transmitted by or through a money transmitting business, or the proceeds of an electronic fund transfer or money transmitting service, from or on behalf of such other person

quote is from page 230 of the bill... §5363

4_2_it
10-16-2006, 10:57 AM
Read the stickies and the 132 other threads on this. Short answer is no, for now and we will know more once the regs are written.