Bet From Anywhere Blog

The owners and founders of the three largest online gambling sites in the United States have been indicted and charged with bank fraud, money laundering and illegal gambling offenses. New York prosecutors say they’ve issued restraining orders against more than 75 bank accounts in 14 countries used by the poker companies, which they say will [...]

Legislation to allow Internet gambling is scheduled to be introduced today by US Representative Barney Frank. 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 [...]

When financial needs override the hypocritical morals… In a statement on Thursday, the House of Representatives Financial Services Committee Chairman Barney Frank vowed to seek the repeal of UIGEA as part of a package of US financial reforms. It’s unclear if the act ever actually succeeded at retargeting scurrilous online gamblers back towards resorts or [...]

A senior Democratic lawmaker will push legislation this year to repeal a U.S. ban on Internet gambling that has hurt trade ties with the European Union, a congressional aide said. “The bill introduction should happen in the next month,” a spokesman for House of Representatives Financial Services Committee Chairman Barney Frank said. On Thursday, Reuters [...]

The problem is with the UIGEA is that it has reclassified New Hampshire state lottery purchases made by credit or debit card as “betting, casino and gaming” transactions. Such sales used to be filed under “government service” by the big card makers, Visa and MasterCard. U.S. Sen. John E. Sununu complained a year ago that [...]