Despite the fact US banking institutions were prohibited from transferring funds to offshore gambling websites many players found a loophole and resorted to using prepaid cards, eChecks, and other similar banking methods. It simply makes it harder for US players to process financial transactions to and from gambling websites. The Act does not state explicitly online gambling is illegal in the territory of the States. The key word here is “accept” which causes misunderstandings.
The UIGEA excludes some markets like fantasy sports and skill games like poker. Therefore, online gambling operators and banks were also prohibited from accepting payments, associated with US residents that are known to participate in illegal gambling activities on the internet. According to the UIGEA, people who are domiciled on the territory of the United States are not allowed to make transactions from banks and other similar institutions to web-based casinos. The Unlawful Internet Gambling Enforcement Act or UIGEA was passed in 2006. Many US citizens are left with the impression participating in online gambling activities is prohibited by US federal law, but this is not necessarily the case. The legal status of online gambling is a subject which millions of US players are interested in.
