http://www.betfromanywhere.com/blog/hr5767-defeated-hr6501-introduced-as-alternative/ Legal Internet Gambling, Sports Betting and Skill Based Gaming. Thu, 19 Nov 2009 11:03:13 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.betfromanywhere.com/blog/hr5767-defeated-hr6501-introduced-as-alternative/comment-page-1/#comment-653 Treasury Department should not overreact to Internet gambling Sat, 01 Nov 2008 20:33:38 +0000 http://www.betfromanywhere.com/blog/hr5767-defeated-hr6501-introduced-as-alternative/#comment-653 [...] The Payments System Protection Act makes clear that the law can be enforced against sports betting, which the courts already have said is illegal. But it also requires regulators to define exactly what “unlawful Internet gambling” is prior to issuing broader regulations. This would substantially reduce the uncertainty and compliance costs for banks and payment centers. The Senate recently followed suit with its own attempt to clarify the ambiguities in the 2006 Act. [...] [...] The Payments System Protection Act makes clear that the law can be enforced against sports betting, which the courts already have said is illegal. But it also requires regulators to define exactly what “unlawful Internet gambling” is prior to issuing broader regulations. This would substantially reduce the uncertainty and compliance costs for banks and payment centers. The Senate recently followed suit with its own attempt to clarify the ambiguities in the 2006 Act. [...]

]]>