Interestingly enough, the two biggest online poker rooms interpret the law differently. PartyPoker says it makes it "practically impossible" to fund US players' accounts. But PokerStars says the law doesn't apply to poker. Poker is a game of chance in the short run but a game of skill in the long run, and the "is poker gambling?" question is a staple of poker forums. The question now is how the feds will answer it.
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