Another Ewallet Bites the Dust !

Recent actions by the US government have many in the online gaming industry skittish. The seizure of four poker sites in April sent shock waves through the online gambling industry. In recent years things have become more difficult for American players. Several popular ewallet services have withdrawn from the US market leaving players in the US with few deposit and withdrawal options. In 2009 the US government shut down eWalletXpress which was a widely used deposit and withdrawal option at many online bingo sites. At the time eWalletXpress issued a statement which read “We regret to inform you that we are no longer able to continue service at this time due to a federal warrant issued to seize our funds.”

A few days ago another popular ewallet service used by many American players shut down because of pressure from the federal government. QuickTender announced that its accounts had been frozen by a court order. The action caused account holders at QuickTender to lose access to their accounts. QuickTender emailed their customers and said that they were unable to confirm when and if they would be able to return account balanced to players. There is a strong possibility that American players with QuickTender accounts could lose the remaining balances in their accounts.

The Unlawful Internet Gambling Enforcement Act (UIGEA) for about five years but enforcement has been lax. Many are puzzled that a liberal administration would take such draconian actions against a harmless pastime. It is well known that US president Obama is a skilled poker player and many had hoped his administration would be sympathetic to online gaming. Now it appears that the US government is targeting online payment processors that accept gaming transactions from American players. Many gaming analysts expect things to get even worse in the coming weeks and months. Many expect further domain seizures and the closure of many ewallet services.

Some in the online gaming industry believe the actions of the US government will be beneficial in the long run as many in congress push for regulation of the industry. In the short term American players will be without access to their favorite games. Many states plan to offer online gambling to residents and many believe that full legalization is inevitable. Unfortunately full legalization of online gambling in the US will not happen overnight and many more seizures and closures are expected.

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