New Online Poker Laws – Poker Freedom Act
The new Internet Poker Freedom Act (PFA) would regulate the online gambling industry. Through laws and regulations which apply to the poker room that offers the game.
The Act has the potential to affect all aspects of the online gambling industry and therefore it is important to understand the law from an online poker perspective in order to fully grasp the implications and risks of the PFA. The Act would create a national licence scheme for online poker by all states and federally recognised Indian Tribes.
The act would regulate the online poker industry through laws and regulations which apply to the poker room that offers the game. It would also require the operator of an online casino to keep a register of all players who.
Deposit money on their site and maintain a database of all players who have withdrawn money from the site. It would also require a website to publish a list of licensed gambling establishments on its premises and to provide a list of approved gamblers to players.
The Act would also regulate the online casinos themselves. It would require a licensed gambling establishment to be located on the same property as the gaming floor where gambling is to take place and to be licensed by the appropriate authority to do so. If a site does not meet these requirements then it would not be allowed to operate under the law of the relevant state.
The Act would also set up national regulatory bodies, which would oversee the online casinos, oversee the industry in general and regulate the operation of poker rooms within the online gaming sector. The National Internet Gambling Enforcement Agency, the National Association of Party Systems, the National Board of Trade and the Independent Game Developers Association of America would all operate under the oversight of the regulatory body.
There are several areas that would need to be addressed in relation to regulation of the online gambling industry and these issues would need to be addressed with regards to state and federal laws as well. For example, the Act would not apply to online games of chance or bingo which are played at land-based casinos. The act would not apply to online games of poker, blackjack, roulette, baccarat or online video games like poker and craps. There would be a requirement for a minimum investment of $1,000 to be placed in an online gambling account before any money could be withdrawn or deposited into it.
The law would also allow for some exceptions to the law which would include allowing players to deposit money into a live account to bet on games of chance but would not permit people to gamble on sports, lottery or video games. In addition, there would be a requirement that players be eighteen years or older to gamble online.
