Tag: poker players

What has happened since Black Friday - America's Darkest Day for Online Poker?

13 June 2012

More than 12 months have passed since online poker’s darkest day occurred in America. This section takes a brief look at what has happened since congress decided to make gambling online illegal and reveals what has actually happened since April of 2011.

Three of the founders of the world’s leading online poker sites such as Full Tilt poker were indicted by the US Department of Justice (D.O.J) and the F.B.I froze billions of dollars’ worth of player’s money. This happened overnight and left most players and operators in a state of shock. It was no longer legal for players to play in the real cash mode, or for these operators to process transactions with online payment companies or other banking institutions.

The online gambling companies were officially charged with serious offences. These offences included money laundering, illegal gambling and even bank fraud. This new act was called the Unlawful Internet Gambling Enforcement Act (UIGEA) and meant that players basically had no legal US based gambling portals to play at anymore and many other major offshore operators also pulled out of the US market altogether.

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