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Thursday, June 11, 2009

Oline Gambling Players Have Money Frozen By Courts

Prosecutors in the US have gone to the courts to freeze the accounts of several payment processing companies that work with off shore gambling sites. The move has left millions of dollars payable to tens of thousands of players in accessible. Since the prosecutors have no jurisdiction over the gambling sites themselves, the new tactic is to cut off the cash by going after the companies that do operate within the US, the transaction processors. The effect is that it has become harder and harder for players to send payments or receive winnings, and that puts a clamp on the gaming sites and places doubt in the mind of players. “Now, you not only have to find a way to get money to a place you trust and that’s going to be honest, you have to get money back and hope it doesn’t get seized,” says I. Nelson Rose, a gambling law expert at Whittier Law School.

Source: NY Times Bits blog