Thursday, October 19, 2006
Go read what Bill said.
Clarification: I should have said, go read Neteller's updated statement (PDF). I linked to Bill, who linked to Neteller's updated statement on the gaming ban.
Their updated statement is basically that they intend to treat their business as if it is within US jurisdiction.
That said, their foreign status is now irrelevant. It is as if they are a financial institution operating in the US. I'm sure they will fight to be categorized as some financial institution that is exempt from this law, but our government granting that exemption is unlikely. They may be buffoons but they know who Neteller is.