Re: Zero Rake Poker Business plan
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Did the UIGEA say anything about whether a site had to take a rake to be unlawful or are you just making that part up?
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Bob, hang out in the Legislative forum a bit more. [img]/images/graemlins/cool.gif[/img]
The UIGEA forbids transfers to UNLAWFUL gambling sites without specifying what such a site would be. It relys on existing state and federal law which is remarkably ambiguous on the subject of poker in general. The regulations being written are a nightmare, the enforcement is going to be nigh impossible, and the UIGEA will be challanged in court before the ink is dry on the regulations.
But, unraked poker is fully legal, and stated to be so, in many states, (Calif, MO), is not addressed in a lot of states, and is explicitly not legal in a few. (NC, OK, WA to mention some.)
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