Online Gambling: The Battle Begins

OK sorry for the non-funny/amusing post, but it's interesting news (to me anyway) and it does kinda bug me. begin rant\ Last year the US made it illegal for banks to transfer money to online casinos. This hit the industry with multi billion dollar losses as the US market was the biggest cash cow. All the legit businesses were pushed out and now all of the shady characters remain (i.e. casinos who happily take your money but take 5 weeks to pay out, if at all). Rep. Barney Frank is starting the process to repeal the law. Partly because he believes it's an infringement on personal freedoms (which I agree with) but I am sure the WTO undoubtedly hitting the US with sanctions over this and the European Union considering a similar move certainly doesn't hurt. The fact that the US would stand to make somewhere in the neighborhood $4-10 BILLION a year off the taxes is probably pretty attractive as well. I wouldn't expect any definitive movement on this until after the elections (unless the WTO speeds up the sanctions process) Here's a story for more and a petition for you to sign if you feel the same that will be delivered to Rep. Frank. /end rant Online Gambling: Repeal UIGEA