The ruling is not necessarily a good one, but not a bad one either – which lets both sides claim victory. iMEGA is claiming victory for the ruling on their challenge of the Unlawful Internet Gambling Enforcement Act, or UIGEA, but others are saying that they might be claiming that victory a little too fast.
They are saying that the basis of the ruling is that the case was dismissed, which does not bode well for online gambling. However, they are also saying that the iMEGA may have taken their case to the wrong court.
They are agreed that the ruling does make it easier for them to pursue their claim, but experts say that the best thing that could have happened was for the ruling to come back as the law being a violation of free speech and that did not happen. They agree that the ruling with standing is the next best thing.
iMEGA says that the ruling is good because the judge could have thrown the case out with prejudice, but instead they are allowed to pursue this further than her court. They say that they fully intend to proceed with the case, and show that the law should be revoked.
They say that had the case been dismissed with prejudice it would have been business as normal for the US and the online gambling ruling would have been able to proceed. Instead they are still able to fight it. The financial processing centers of the world are relieved on some level as well, for they were going to be criminally prosecuted for processing online gambling payments, something they say is almost impossible to control.
The ruling did let the banks off of the hook, which is a large victory unto itself. The ruling also held that online gambling is only illegal in states that have made it specifically so.
The United States has reached an online gambling settlement with Costa Rica. The US had created a trade dispute with the country with the passing of the Unlawful Internet Gambling Enforcement Act, or UIGEA, and Costa Rica was seeking compensation for the problems that it had created for them.
Costa Rica has a large part of their country’s revenue coming from online gambling, so the passing of the UIGEA was particularly painful and destructive for them. They went to the World Trade Organization, or WTO, and filed for arbitration.
The WTO had to step in because their agreements say that any country that blocks access to one of a range of markets must provide compensation to the affected countries. Therefore the United States was responsible for compensating the country for blocking their access to the online gambling customers that reside within their country.
Now they have reached a settlement on the online gambling dispute, and the US has offered them access to other service markets such as storage, technical testing and analysis, and research and development. Other countries such as Japan, Canada and the European Union have already reached agreements with the US over the online gambling law.
Foreign Trade Minister Marco Ruiz said that Costa Rica was satisfied with the agreement that was reached, as was the US government.