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Another significant event in poker is “Black Friday”, a landmark proceeding that significantly impacted the online gambling industry, particularly relating to online poker. The case revolved around the prosecution of the founders and executives of PokerStars, Full Tilt Poker, and Absolute Poker. The charges included bank fraud, money laundering, and violating the UIGEA. The primary legal statute in the US regarding online gambling is the Federal Wire Act of 1961.
