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They provided a construction you to definitely welcome the brand new Federal Reserve so you can ban these types of repayments in the creditors, such as the best financial institutions and card issuers in the us. They become an exodus away from providers on the Us market, with lots of large organizations dreading the brand new repercussions of extreme fees and penalties and you may imprisonment. Once far distress, the us Congress passed the fresh Illegal Sites Gambling Enforcement Work (UIGEA) inside 2006. It construction is targeted on the words that the outdated Cord Operate skipped making they unlawful for businesses to accept repayments to have getting unlawful betting online.
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