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The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 (“the Act”) prohibits any individual or business engaged in betting or wagering activities from knowingly accepting payments related to unlawful internet gambling. This Act is enforced through Regulation GG, jointly issued by the U.S. Department of the Treasury and the Federal Reserve Board.
In line with Regulation GG, “unlawful internet gambling” refers to placing, receiving, or knowingly transmitting a bet or wager through the internet where such activity is prohibited under applicable federal or state laws in the jurisdiction where the transaction is initiated, received, or completed.
Item Instock is a multi-vendor ecommerce marketplace and does not permit the use of its platform, payment systems, or integrated payment gateways for any form of betting, wagering, lottery-based sales, or gambling-related transactions that are unlawful under applicable laws.
All restricted or prohibited gambling-related transactions are strictly forbidden on Item Instock. Vendors and users agree not to list, sell, promote, or process payments for such activities through their Item Instock accounts.
If Item Instock determines, at its sole discretion, that an account is being used to facilitate restricted transactions, we reserve the right to suspend or terminate access to specific payment gateways, disable payout features, remove related listings, and/or permanently close the associated Item Instock account.
Item Instock cooperates with payment gateway providers and regulatory authorities to ensure compliance with applicable financial, ecommerce, and anti-fraud regulations.
