Internet Gambling Regulation, Consumer Protection, and Enforcement Act

"[1] The bill was originally introduced by Representative Barney Frank (D-MA) on June 12, 2009 and as of July 20, 2009 had bipartisan support from 47 co-sponsors.

2267 passed, it would have automatically created an exception for poker to the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA).

On July 5, 2009, Frank addressed the players at the 2009 World Series of Poker Main Event (day 1-c) concerning the status of this bill.

During his address, he accused the Republican Party of being behind the Department of Justice's seizure of poker players' bank accounts in early June.

"Were the market to be legalized," the Sachs report stated, "we believe that the size of the revenue opportunity could increase materially... Based on an assumption of 30% penetration of offline poker players and $300 gross gaming revenue (GGR) per player, we estimate that a legal poker market could be worth $3bn.