Madison wrote:Not according to the articles I've read. It's money *to* and *from* any of the gaming sites, or companies that do that sort of thing (like Neteller). Even actual checks won't be cashed, but there's a 9 month window before banks have to enforce that policy. Plenty of time to get the money out.
Any chance I you can dig up a few of the links to those articles? Prohibting the gamblers from receiving payment seems like a fairly strange interpretation of "person engaged in the business of betting...".
Actually it's more like the government telling the banks not to process payments to or from places like Neteller and Firepay. No wire transfers, checks are no good, etc. That kind of thing.
As to the first place I check for articles, here you go:
Scroll down, center of the page at the bottom. Full archive too, so have fun. The 2+2 forums also have good articles on it as well.
Oh, and something to note that kinda crushes your theory, is if the government doesn't care about the companies that are moving the money, why did Firepay pull out of the U.S. and why is Neteller shaking in their boots? Neteller says it's business as usual, but it won't take much to convince them to shut down all U.S. business like Firepay did.
Yes doctor, I am sick.
Sick of those who are spineless.
Sick of those who feel self-entitled.
Sick of those who are hypocrites.
Yes doctor, an army is forming.
Yes doctor, there will be a war.
Yes doctor, there will be blood.....