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Another significant occasion in poker will be “Black Friday”, some sort of landmark proceeding that will significantly impacted the particular online gambling market, particularly concerning on the web poker. The circumstance revolved around the particular prosecution of typically the founders and professionals of PokerStars, Whole Tilt Poker, and even Absolute Poker. The charges included standard bank fraud, money washing, and violating typically the UIGEA. The primary legal statute within the US with regards to online gambling is the Government Wire Act associated with 1961. This Act prohibits the electric transmission of data for sports betting.