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05-06-2009, 02:25 AM
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| Mod  Join Date: Feb 2008 Location: The Great White North
Posts: 5,140
|  Frank to offer legislation allowing online gambling
Legislation to allow Internet gambling is scheduled to be introduced today by US Representative Barney Frank. SEES BACKING Similar legislation failed in the last Congress. Frank, a Massachusetts Democrat, has support for the bill from such companies as Youbet.com Inc., and Harrah's Entertainment Inc., in addition to the Poker Players Alliance, formed to overturn a 2006 ban on Internet poker. Supporters "have been mobilizing," Frank said last week. "This is a grass-roots thing." The legislation would allow licensed gambling operators to accept online wagers from people in the United States. The bill would revise the 2006 law, which made it a crime for banks to process financial transactions used to place illegal bets online. What are your thoughts on this bit of news?? If you want, you can read the full article here...
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