Wednesday, June 24, 2009

Facebook, AlertPay to stop selling poker chips

Facebook, the social networking online site and AlertPay, an online payment firm have just agreed to sign an agreement, terminating the numerous online gambling operations which have been selling virtual poker chips for use on Facebook’s “Texas HoldEm Poker” application, says reports on the eCommerce Journal.

This setup was potentially illegal and according to a statement on AlertPay’s official blog, the two firms have now negotiated the basic issue on the following structure: “Facebook does not permit online gambling on its platform and some sellers attempted to convert the Texas HoldEm Poker application into monetized online gambling.”

The blog added, ‘Sites offering for sale virtual poker chips for use with Texas HoldEm Poker are violating AlertPay’s User Agreement and is potentially violating state and US federal law prohibiting unlicensed and/or online gambling, as well as the Unlawful Internet Gambling Enforcement Act of 2006.

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