Online Gambling Ban Regs Get Ripped Apart at House Hearing - Casino Gambling Web

Closing the first part of the House Financial Services Subcommittee on Domestic and International Monetary Policy, Trade, and Technology Hearing on the proposed regs for the Unlawful Internet Gambling Enforcement Act (UIGEA), Rep. Luis V. Gutierrez, Head of the Sub-Committee, advised Ms. Louise Roseman from the Federal Reserve Bank, and Ms. Valerie Abend from the Department of Treasury, to tread very carefully in proceeding with instituting the proposed regulations. He remarked how there was more heated discussion, debate, and criticism of this topic than on any other his committee has seen in the year he has resided over the sub-committee, "So be careful," he said.

The main area of concern from the two witnesses was the ambiguity of the UIGEA, which makes it nearly impossible to determine what illegal online gambling actually is as defined by the 2006 law.

Ms. Roseman pointed out that one company who processes illegal Internet gambling transactions may also transact legitimate transfers which should not be blocked, thus making it almost impossible, or at least very difficult, to determine how to block illegal online gambling transactions.

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