Congressional Hearing Provides Momentum to Reverse Internet Gambling Prohibition

[JeffreyS]

In another promising sign for reversing the prohibition of internet gambling, representatives of the U.S. Federal Reserve, Treasury Department and financial services sector testified before Congress yesterday that the proposed rules to implement the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) are unworkable.

The witnesses, including representatives of the American Bankers Association and Financial Services Roundtable, unanimously agreed that U.S. financial services companies would face serious regulatory burdens in attempting to enforce UIGEA, a law that is not likely to stop millions of Americans from gambling online.

There has been significant media coverage of the hearing, some of which can be viewed on our web site. Here is an editorial from today’s Las Vegas Review-Journal.

We believe that rather than trying to implement a ban that is unclear, burdensome and doomed to fail, Congress should instead look to regulate Internet gambling.

To learn more and contact your elected representatives to support regulation, we encourage you to visit Safe and Secure Internet Gambling Initiative.

Thanks.

Jeffrey Sandman
Safe and Secure Internet Gambling Initiative