Re: Its been 270 days and.......?
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I'd lay 3/1 that 270 days from today there will still be no regulations drafted pursuant to enforcement of UIGEA.
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I'm not sure the lack of rules is a good thing. With the Gov'ts actions against Netteller, and getting Visa out of the pre-paid market, they have in effect stopped a good deal of the "new cash" flow into on-line poker.
Any regulations they would publish would be tested for loopholes, this way they have scared the major players out of the market and convinced a portion of the population that playing poker on-line is illegal.
Any regs we are likely to see would be a step forward in enforcement against the next level the e-wallets. The way the law reads it would seem that they could force banks to sever ties with the major e-wallets without any liability.
D$D
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