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Acorns Grow Incorporated is the parent company of Acorns Advisers, LLC and Acorns Securities, LLC. Opinions belong to contributing authors, not to Acorns Grow Incorporated, Acorns Advisers, LLC or Acorns Securities, LLC. Please consult your financial adviser or investment adviser regarding your individual financial and investment decisions. Online poker in the United States of America played on a mobile device for real money. Online poker in the United States of America is a fairly complex subject. Many potential players mistakenly believe that it is illegal to play in the USA.
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Very few states have laws on the books that cover online poker, and as such, it is perfectly legal to play from the comfort of one’s own home in almost every US state and territory. Basically what you have is a bunch of issues that have not been adequately addressed or have not been addressed at all. Sixteen states and the District of Columbia don’t even have a working definition on their own statute books of what gambling is and is not. Only nine even mention the Internet in connection with gambling at all. Much of the public confusion stems from misinterpretations of existing laws. This is widely regarded by the media as a reason for online poker being illegal, when in fact, it does nothing of the sort. UIGEA makes the knowing processing of deposits to online gambling sites illegal, for banks.
UIGEA is in no way directed at private citizens. It was literally snuck into law on a must pass Port Authority bill by two senators. These two senators were known to be taking large sums of money from the casino lobby. The main goal of UIGEA was to underhandedly shut down real money online poker while the major US casinos played catch-up to their offshore brethren. You see, domestic casinos had greatly underestimated the potential market size of online gambling for real money. Having thought it was only a passing fad they needed a stop-gap measure in order to come up with plans to infiltrate this multi-billion dollar industry.
Twelve years later and we still only have four states having passed self-regulation and no Federal regulation whatsoever. Luckily there are plenty of reputable, offshore-regulated sites that still provide games to Americans like you. Another common fallacy is the improper application of The Wire Act of 1961. In the past, this law was interpreted by some arms of government to cover online poker. Yet another misconception swirling around is that it is a form of gambling. It is our contention that poker is a game of skill coupled with elements of chance.
We are not the only ones with such an interpretation. Playing online poker is not a violation of any Federal laws. In this report we will be passing that information on to you, so that you may be better informed of the options available to you, the American poker player, in your particular state or territory. Mac-friendly or not, and much more.