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Learn MoreThe Anti-Internet Gambling Bill
According to a Reuters article published yesterday, the a House panel has cleared an anti-Internet gambling bill:
WASHINGTON – A U.S. House committee on Wednesday approved a bill aimed at stamping out the $12 billion Internet gambling industry by stopping businesses from accepting credit cards and other forms of payment.
The bill, cleared by voice vote in the House Financial Services Committee, would prohibit a gambling business from accepting credit cards, checks, wire transfers and electronic funds transfers in illegal gambling transactions.
Unlawful gambling, under the legislation, would include placing bets on online poker sites, for example, and any other online wager made or received in a place where such a bet is illegal under federal or state law.
By making it illegal to accept payments from people who live where federal or state law prohibits wagering, the legislation would impact offshore gambling Web sites used by many Americans to place bets.
The bill, which makes exceptions for wagering on horse races and fantasy sports, will now move to the House floor for consideration…
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