Online Gambling Faces New Curbs From the US - Wall Street Journal

[I Heart Gambling Online]

The Treasury Department and the Federal Reserve issued rules that bar financial companies from processing payments connected to most gambling Web sites, effectively making Internet gambling illegal.

House Financial Services Chairman Barney Frank has called for the federal government to regulate online gambling rather than ban it.
The rules, issued Wednesday, give companies until Dec. 1, 2009, to comply with a ban that covers credit-card transactions, electronic transfers and checks related to Internet gambling.

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