Fergie's Tech Blog

House Panel Approves Internet Gambling Ban

Jeremy Pelofsky writes for Reuters:

The U.S. House Judiciary Committee approved legislation on Thursday aimed at banning Internet gambling, an estimated $12 billion industry.

The measure would update and expand existing law to cover all forms of interstate gambling in the United States and would bar a gambling business from accepting payment in the form of credit cards, checks, wire and Internet transfers.

It would also prohibit gambling on an estimated 2,300 Internet gambling sites, many run by offshore companies, and also require banks to block gambling transactions by customers, which the industry has argued would be difficult to identify.

posted by Fergie @ 5/25/2006 12:02:00 PM