OFFICIAL STATEMENT FROM WSEX... ( from EOG )
The Congress of the United States passed a bill outlawing the ACCEPTANCE of financial transactions for ILLEGAL Internet gambling.
World Sports Exchange, WSEX.com, and all of its sister companies are LEGAL and licensed businesses regulated by the Gaming Commission of Antigua and Barbuda. We are wholly located in Antigua and do no business or run any part of our operation on US soil. We do not assert any legal opinion of gaming in your jurisdiction, only Antigua and Barbuda.
The World Trade Organization, the WTO, has recognized the right of Antiguan companies to be in this business and has instructed the United States to stop trying to block US residents from playing at Antiguan operations.
Nothing in the bill criminalizes placing a bet or sending money to or receiving money from an offshore gambling business.
The bill if signed into law by the President gives the banking regulators 270 days, 9 months, to figure out how to enforce it. It puts the burden of enforcing the law on the US banking system. Most experts believe they will not be able to get in done in that time, and many believe whatever system they come up with will not work.
We strongly suggest that our players get set up with alternative payment systems.
WSEX has always and will continue to fight for the players’ rights to spend their gambling dollars as they see fit, not just on US state sanctioned state lotteries or other outlets where the US government gets a piece of the action.
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