Bet From Anywhere Blog

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 on [...]

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 reported the [...]

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 the [...]

The Department of the Treasury and the Federal Reserve Board announced the release of a joint final rule to implement the Unlawful Internet Gambling Enforcement Act of 2006. The Act prohibits gambling businesses from knowingly accepting payments in connection with unlawful Internet gambling, including payments made through credit cards, electronic funds transfers, and checks.
The Board [...]