UIGEA (Unlawful Internet Gambling Enforcement Act)

The Unlawful Internet Gambling Enforcement Act (UIGEA) is a U.S. law enacted in 2006 that aims to restrict online gambling. It prohibits financial institutions from processing transactions related to unlawful internet gambling activities. Essentially, it targets the flow of money to and from online gambling sites that are not licensed or regulated by U.S. authorities. While it does not make online gambling itself illegal, it creates barriers for users and operators by preventing banks and payment processors from facilitating such transactions, thereby limiting access to online gambling options.