US Players screwed by DOJ Indictment
Saturday, April 16th, 2011I guess you could say the shit has hit the fan. The US Department of Justice (DOJ) has issued an indictment against the 3 major poker sites that are operating in the US online poker market (Pokerstars, Full Tilt, and Absolute Poker). Basically online poker for US players looks like it could be over for the time being, with the exception of a few smaller operators.
11 people were indicted, 2 from Stars, 2 from Full Tilt, 2 from Absolute Poker, 4 from payment processors, and 1 from a bank. Early indications suggest they are trying to get the payment processors and bank on money laundering and bank fraud, and the poker sites on running a gaming site that they allege is illegal in the US because of UIGEA.
If there’s enough dirt some of it may stick, and the sites may end up with quite a chunky fine. The bank and payment processors are probably screwed if there is enough evidence.
It’s unlikely that the DOJ would fair that well making a case off the back of the UIGEA legislation mainly because of the words “unlawful” and “gambling”. It could probably be argued by a team of lawyers/experts that poker is a skill game and not gambling. And it could probably be argued that the game of poker wasn’t unlawful in the first place, therefore not covered by UIGEA.
Perhaps a little dirt linking them a bit too close for comfort to the payment processors will be the DOJ’s main weapon of fear. But a gambling man (or a man keen on skill based wagers) would probably bet on a settlement being reached at some point later down the line. Pretty shitty for US players though. Tough break guys.
