On Dec. 23, 2011, the U.S. Department of Justice announced that it had changed its stance on online gaming, saying that the Interstate Wire Act of 1961 -- previously cited in declaring online gaming illegal in the U.S. -- only applies to sports betting. The industry has quickly mobilized, with Nevada having already passed legislation legalizing online poker, while Delaware has legalized a full suite of online casino games.
The regulators from four European countries convened in Barcelona recently for a two-day meet to discuss regulatory co-operation. As part of a general discussion on information sharing, the regulators discussed the possibility of shared liquidity in online poker.
A federal judge concluded this week that skill plays a bigger role than luck in determining who wins a poker game, a ruling that might strengthen the hand of companies trying to get online poker legalized in the U.S.
The Cypriot House of Representatives has passed controversial legislation that prohibits online casino games and exchange betting. Sports betting has been regulated with authorities levying a ten percent revenue tax on all operators.
The betting bill made it through the House of Representatives Legal Affairs Committee last week before a full parliamentary vote on Friday saw a majority of Representatives approve the measure.
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