How does the UIGEA impact online gambling?

Question

Quizplus · Accepted Answer

The UIGEA (Unlawful Internet Gambling Enforcement Act) restricts financial transactions for online gambling in the United States, making it illegal for banks and other financial institutions to process transactions related to online gambling. This has had a significant impact on the online gambling industry in the United States, as many operators have since left the market or ceased offering real money games to U.S. customers. Option A is incorrect because the UIGEA does not specifically target European sporting events; it applies to all forms of online gambling. Option B is incorrect because the UIGEA does not restrict non-member countries from hosting online gambling. Option D is incorrect because there is no immunity clause in the UIGEA.

How Does the UIGEA Impact Online Gambling