On June 1, 2010, the Unlawful Internet Gambling Enforcement Act became effective. This has been cumbersome to many online gamblers who have had bigger fish to fry when it comes to scares. Ironically, it's been calm surrounding the June 1 Act but a problem by Bank of America with an Internet glitch was more than a tiny scare to customers. When players could not access their accounts or their money they started thinking that it might have something to do with the new gambling laws in the US. Thankfully, Bank of America was able to fix the problem right away and customers could take a deep breath again.
The Unlawful Internet Gambling Enforcement Act has placed a good portion of the burden to enforce this Act on the financial institutions themselves. The government wants some of the biggest financial institutions in the country to stop the problem right at the money transaction. Financial institutions do not feel that this is a task that they will be able to comply with. Representative Barney Frank is working hard to overturn the UIGEA and establish a regulated Internet gambling system in the US. He has a lot of support thus far and the turnout is expected to be favorable.