Will Obama cancel the UIGEA?

With numerous reforms to take effect after the new administration of the President-elect comes to power there will likely be some changes in the online casino business sector. At least the unfortunate Internet gambling act should be surely revised among other items mentioned in the list of regulations and policies to be reviewed by Barack Obama’s office.

Perhaps that will be the time of relief for the opponents of the UIGEA, including the online casinos against whom it is aimed. Some sources show that in spite of the Treasury Department following dubious White House orders and finalizing regulations to enact the law, the changes should not be in place for any significant time. Obama’s team is intended to replace all the regulations imposed for "overtly political" reasons. Among the 200+ items in the list there are such areas as climate change and stem-cell research. In this regard, the enforcement of the UIGEA publication being hurried by several political groups really looks like the change in the climate, which means that it should draw attention of the forthcoming government.

Multiple testimonies of bankers, financial leaders, and officials from both the Treasury and the Federal Reserve reveal that the UIGEA is vague, confusing, and a potential danger to the American banking system with the experts noting its terms undefined and its enforcement problematic. Still, a White House aide in the Public Affairs office has applied considerable political pressure to force the publication of the regulations before the transition. Hopefully, Obama’s administration will follow the designated policy to keep the Internet open and free from censorship.