There was proposed legislation this week that would have seen the demise of the (UIGEA) unlawful Internet gaming enforcement act. It was challenged by the House Financial Services Committee.

If the case had been won it would have prevented the federal reserve system and treasury department from doing anything about the the Internet ban on gambling.

The new ideas were put forward in April 2008 by Barney Frank & Ron Paul.

John Pappas, the executive director from the Poker Players Alliance, said that the main issues were the fact that poker has real moral issues when it comes to the problems associated with gabling and the social troubles it may cause.

He said: “As our opponents continued to debate this issue in the Committee, they never really spoke about the merits of the UIGEA or enforcing it … [It was] a moral discussion.”

The UIGEA stock market dropped by over 61% in a 24 hour period since the results were publicly announced.