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Old 09-28-2007, 03:15 PM
oldbookguy oldbookguy is offline
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Default Re: iMEGA reports that the UIGEA Regulations will be out Thursday

To begin with I think we will not see ant regs for a while.

First, I think IMEGA’S info on the publishing of the regs was either:

1. Dependant of the IMEGA case being dismissed that day, there are no regs, thus no ripeness, to publish them now the government would only be asking for the wrath of the court to publish them while the case in ongoing.
2. IMEGA put out the story on the regs being published to force the government’s hand, if you have them, produce them.

Second, the UIGEA though not defining illegal wagering states that the regs include several examples of unlawful transactions. So, the regs will be somewhat specific.

Much also depends on the USTR negotiations I believe. The DoJ may be backing off until they are concluded, then even the countries where the Poker sites are located will be cooperating with the DoJ to stop poker, a new WTO agreement on wagering will be in place.
I base the previous thought on the DoJ argument at the IMEGA hearing; the plaintiffs need have no fear of prosecution then stating later, the UIGEA could conceivably be used to prosecute them.

obg