Online Gambling Legal Woes
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Poker players are abuzz lately with the news that two Neteller execs were arrested on money laundering charges. The feds’ position:
“Internet gambling is a multibillion-dollar industry,” Mark Mershon, assistant director-in-charge of the New York FBI office, said in a statement. “A significant portion of that is the illegal handling of Americans’ bets with offshore gaming companies, which amounts to a colossal criminal enterprise masquerading as legitimate business.”
“There is ample indication these defendants knew the American market for their services was illegal,” Mershon said. “The FBI is adamant about shutting off the flow of illegal cash.”
Today Neteller announced that they were pulling out of the US market altogether. It’s not clear what long-term impact these changes will have on poker. But that won’t stop me from participating in some idle speculation. I have two major thoughts.
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Tags: irs, online-gambling, online-poker, russ-fox, taxes

Hey Ed,
I’m a Brit, but I feel very sorry for Americans and about this whole situation. And I still don’t understand how it came about and passed through so quietly.
I play my poker at three sites that have not allowed US players since October, and I tell you what, online poker ain’t going nowhere. I’ve got 30 tables to choose from at 1/2 limit right now and it’s way past bedtime in Europe. Companies like 888 are very strong and have a very legal betting business in the UK to keep them going.
My hope for players in the US is that someone with some ball stands up for you and gets a very wrong law challenged or overturned.
Love the site by the way and can you hurry up with part 2 of the short stack article please.