Senator Robert Menendez introduces a bill for regulating online gambling in U.S.

In an attempt to overturn The Unlawful Internet Gambling Enforcement Act, widely known as UIGEA, New Jersey Senator Robert Menendez has introduced a bill meant to set up the framework for online poker and other games of skill. “Internet Poker and Games of Skill Regulation, Protection and Enforcement Act” focuses mostly on the games where the outcome is determined by the player’s skills and not on the whole field of internet gambling. Besides poker, the other games cited in the bill are bridge, mahjong, backgammon and chess. The specific element that distinguishes these games from other gaming experiences is the little influence the chance has in the final results.

Menendez explains his particular consideration for poker by the significance of this game among Americans spare-time activities throughout their history: “Poker is part of the cultural and recreational fabric of the United States and has been since the founding days of the United States. United States poker aficionados have included presidents, judges, and statesmen.”

According to the proposed bill, the Treasury Department will the institution in charge to make the financial examination of all the applicants. This will reject any person or company that has been accused for any kind of gambling or financial violation. The bill also establishes the security control features that gambling websites will have to include: payment fraud protection and money laundering prevention, age limit policy, residence verification. The compulsive gambling behaviour is another topic of the law. The online casinos and other gaming rooms are obliged to monitor these habits if they want to keep their license. An opt out right for any state or Indian tribe wishing to ban online gambling in their jurisdiction, is equally specified in the text of the bill.

Comments are closed.