Fergie's Tech Blog

U.S. Bill Aims to Repeal Internet Gambling Ban

A Reuters newswire article by Peter Kaplan, via The Globe and Mail, reports that:

Legislation that would lift an online gambling ban imposed by Congress last year was introduced Thursday by the chairman of U.S. House Financial Services Committee.

Calling the Internet gambling prohibition “imprudently adopted,” Democratic Rep. Barney Frank of Massachusetts outlined a bill to make it legal again for banks and credit card companies to make payments to online gambling sites.

“The fundamental issue here is a matter of individual freedom,” Frank told a news conference, adding his committee would hold a hearing on the matter in June.

The bill includes provisions for licensing and regulating online gambling companies to protect against underage gambling, compulsive gambling, money-laundering and fraud.

posted by Fergie @ 4/26/2007 01:35:00 PM