From ABA Journal Law News Posted by Molly McDonough April 18, 2011
Federal authorities on Friday unsealed a sweeping anti-illegal gambling indictment and shuttered popular online poker sites, accusing founders of money laundering and bank fraud.
The U.S. Department of Justice seized five of the companies' domain names, seized accounts and held money stored by players, many of whom make their livings playing poker.
The Wall Street Journal reports that the crackdown comes after years of tension between the sites and the U.S. government, which has long held that online gambling is illegal. The case will be closely watched because operators and players have argued that poker is a game of skill and is not gambling, the WSJ reports. More.
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This occurrence now known as "black Friday" is an indelible mark in online poker history. It's not dictating the government, but economic pundits are suggesting the taxation of online poker to garner revenues instead of closing them down. Kate Moulin of the Huffington post wrote an interesting piece regarding this issue here:
ReplyDeletehttp://www.huffingtonpost.com/kate-moulene/how-poker-can-save_b_854134.html