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Does the UIGEA Apply to Online Gambling Transactions in Bitcoin?

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Interesting Twitter back and forth between gaming attorneys Stuart Hoegner and David Gzesh regarding the applicability of the UIGEA to online gambling transactions in Bitcoin.

Cliffs: The UIGEA might not apply if there’s no financial nexus in the US, but bitcoin gambling transactions could still easily run afoul of state laws and other federal laws.

The discussion started at Bitcoin 2013, where Gzesh was presenting on the issue:

 

 

 

 

 

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Chris Grove
- Chris is the publisher of OnlinePokerReport.com. Grove also serves as a consultant to various stakeholders in the regulated market for online gambling in the United States.