The US law created in 2006, known as the Unlawful Internet Gambling Enforcement Act of 2006 ( UIGEA ), is an anti-on-line gambling declaration and is therefore one of the greatest, if not the largest, and most problematic and controversial declarations ever in history.
It was created after seeing the gaming market on the internet work in a gray area of the law and the purpose was to create new ways to punish those who worked in that market.
The US Congress made the decision as a result of a process started by Republican Jim Leach of Iowa when he presented the Internet Gambling Prohibition and Gambling Enforcement Act as HR 441. The first act had some changes, but in 2006 it was run as a financing bill to counter terrorism .
The law affected many online gaming companies because they left the US market, including Playtech / iPoker, Party Poker, Ongame, Lucky 31, PKR, Paradise Poker, Boss Media, Extraction and 888.
A few years later, Poker Star was also affected on April 15, 2011; a date called Black Friday, and other company names were related to Black Friday as Full Tilt Poker.
Others affected by the law were the players because the pages began to remove the American player accounts, causing a lot of traffic to collapse, as half of the market was from the US.
But in the same year, the Ministry of Justice announced that gambling was legal if it was permitted by state law, which gave green light to make online gambling a legal activity to exercise.
There are four US states where online gambling is legal – Montana, Nevada, Oregon and Delaware. For each of them, the market works in different ways. The Ministry of Justice’s decision was favorable for the industry in this way by directly increasing the value of online gaming companies by 3.5%.
The law is also very unclear about this type of game as well, because the law places an exception in the fantasy sports world, which makes it illegal only if the state law prohibits it. The law defined fantasy sports as the games that the player’s ability is the predominant factor.
Finally, the market for online betting is estimated at $ 94.4 billion by 2024, affecting the US economy.
In fact, the law is very confusing and lets the black market continue, which will increase year after year if the law stays so obscured and unclear it will only be an advantage for the industry itself.