Prospective UIGEA Online Gambling Regulations Released!

New Regulations for the Unlawful Internet Gambling Enforcement Act were released today by the Department of the Treasury and the Federal Reserve Board after missing the 270 day deadline imposed when it was originally passed.

Due to government protocol, which allows for public feedback, these UIGEA regulations will not go into effect until sometime in 2008. The U.S. government is accepting public feedback about the rules starting immediately with the deadline being Dec. 12^th 2007.

After the Dec. 12^th deadline, the government will take up to another 180 days to read all the comments left. Part of the reason for the reading is that they are supposed to adjust the rules according to the public sentiment. Only after this period will the UIGEA go into effect. It has almost been a year since U.S. lawmakers added the UIGEA to the Port Security bill and got it through the Senate.

You can read all the UIGEA regulations in official press release.

Comments are being accepted via any of the following methods;

• Follow the instructions for submitting comments HERE at the Federal Reserve Website. You are also invited to send an email to regs.comments@federalreserve.gov, those opting to send emails should include the docket number in the subject line.

Fax comments are accepted via two fax telephone numbers;

• (202) 452-3819

or

• (202) 452-3102

again, be sure to include the Docket Number R-1298. Comments can also be sent by regular postal mail to:

Jennifer J. Johnson
Secretary
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, N.W.
Washington, DC 20551

 

All public comments are available from the Board’s Web site at , as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room MP-500 of the Board’s Martin Building (20th and C Streets, NW) between 9 a.m. and 5 p.m. on weekdays.

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