Six representatives from Kentucky making a move against UIGEA
November 25, 2009, 12:19 pm (8 years ago)
The six Representatives from Kentucky have teamed up to request the date of implementation of the casino ban UIGEA to be postponed. The group of 4 Republicans and 2 Democrats bonded together to sign a letter to Secretary of the Treasury Tim Geithner demanding the execution be postponed.
A lot of adversaries had forecasted that the ban against online gambling payments would unintentionally give influence on other gaming industries, and it turned out to be true. State lotteries in North Dakota and New Hampshire have been disabled to process Internet sales, and currently the horse racing business finds online horse betting damaged by companies attempting to go along with the problematic law.
The most recent progress, which motivated the Kentucky Representatives to echo a previous letter from 19 Congressmen, is Mastercard choosing to block transactions utilizing the code for horse race betting, although the UIGEA allows racing to be exempted.