Bluff Magazine reports the December 1st deadline for banks to comply with the UIGEA has been pushed back at least six months.
Here’s the story from BluffMagazine.com:
Online poker players have a little more to be thankful for today, as it appears the UIGEA regulations that were supposed to go into effect next Tuesday will be delayed for another at least another six months. While formal confirmation has not yet been issued, well-placed sources tell Bluff that the Poker Players Alliance’s petition to delay the regulations has been granted. That petition had gained the support of more than 50 members of Congress as well as nearly every leading banking institution in the country.
Rather than going into effect on Dec. 1, 2009, the new deadline for implementation of the regulations will be June 1, 2009. Our sources also tell us that there will be an option for an additional delay if the law hasn’t been sorted out in the first six months. An official announcement on the petition’s acceptance is expected soon. We’ll keep you updated on the situation as more facts become available.
This is obviously fantastic news for poker players. The next step is to repeal the UIGEA altogether and find a way to regulate online poker.