Revision to UIGEA to be introduced by Barney Frank

Frank to Revise UIGEA

Congressman Barney Frank (D-MA) is set to introduce legislation designed to allow online gambling in America today.

According to Bloomsberg, Frank’s legislation would revise the Unlawful Internet Gambling Enforcement Act, and “allow licensed gambling operators to accept online wagers from people in the U.S.”

Passed in 2006, UIGEA makes it potentially criminal for banks or other institutions to process financial transactions used to place “illegal bets” online.

This is sure to be great news for the American citizens who play poker on the web.

Details of Frank’s bill will be available on the Online Poker Circuit website once they become known.