PayPal has agreed to pay the U.S. government $10m to settle allegations that it violated the Wire Wager Act and - get this - the Patriot Act - by transferring funds to offshore gambling sites. Link

This is pretty big news; although it doesn't establish a legal precedent since the case was settled, it does establish a basis for the DOJ to go after other fund transfer operations, makes it less likely that any US bank will approve online gambling transfers, and also could point toward the government eventually going after individuals.

The next step will probably be blackballing offshore payment mediators like Neteller and Firecash, who currently mediate payments between US banks and offshore gambling sites.

That sux. Big time.

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gee...guess i had better win a bunch of online tournies quick, eh?

by the way, thanks fer the link...i appreciate it

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