Effective immediately, NETeller can no longer be used by US account holders at online gaming sites. This announcement follows a similar announcementÂ by Firepay in October 2006.
This announcement should come as no surprise, given that:
- the NETeller Group is a publicly-traded company that needs to protect its shareholders and executives from prosecution under the UIGEA
- the US detained two former NETeller executives earlier this weekÂ
In fact, if you read my blog, you’ll see that I outlined why the clock was ticking for NETeller back in November 2006.
In any event, NETeller exiting the gaming market for US account holders will be a temporary roadblock for US players. If recent history is any guide â€” and it should be â€” US players will quickly find a way to play the games the want, at the stakes they want, at any site that will accept them.