Credit Card
Companies Betting on Regulation
February
15, 2010
UC Group Ltd. is the parent
company of Secure Trading, and they seem to know something that the rest
of us don’t. They released a statement yesterday that said that they
were ready to provide “safe financial transactions and required consumer
protections” for their customers in the United States for online
gambling transactions. They seem to be under the impression that the US
government is going to be passing federal legislation that is going to
legalize the online gambling industry very shortly.
The three men who run the company are former senior executives from
MasterCard – funnily enough, considering MasterCard came out this week
saying that they had figured out a way to block all online gambling
transactions. These men spent literally years of their lives at the
credit card company, but they seem to have an understanding of what it
takes to enter the market more so than the credit card giant.
They said that online gambling has really gained momentum over the past
year and that it appeared to them that it was not only a matter of time
before it was legalized, but that they felt that the time was truly just
around the corner. They said that Congress was “prepared to take the
final step” and that they were ready to “enable [their] customers to go
live” as soon as online gambling was legal.
According to experts they are right on the mark. They said that they are
not really jumping the gun as many feel that the government is poised to
finally overturn the Unlawful Internet Gambling Enforcement Act, or
UIGEA, and make online gambling legal.
