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Internet Gambling Regulation and Enforcement Act Gains 47th Supporter

admin — Sun, 16 Mar 2008 06:10:10 +0000

March 14th, 2008, Congressman Tim Bishop [D-NY], who represents the 1st District of New York State has joined as the 47th co-sponsor of H.R. 2046: Internet Gambling Regulation and Enforcement Act of 2007. Congressman Bishop currently serves on the House Transportation and Infrastructure Committee and the Education and the Labor Committee.

The Internet Gambling Regulation and Enforcement Act of 2007 is making headway through Congress on its way to reversing the current anti-gambling legislation in place, the form of the Unlawful Internet Gambling Enforcement Act of 2006 which has made is illegal for financial institutions to process online gambling transactions. The financial institutions have spoken out against the UIGEA because

“If the federal agencies themselves cannot agree on the law, what hope is there that banks can resolve these confounding legal issues?” the American Bankers Association said in commenting on a conflict between the Treasury and Justice departments on the legality of betting on horses.

The Washington trade group said the suggested rules are more likely to catch its members in a compliance trap than stop profits from illegal gambling from escaping offshore.

Internet Gambling Regulation and Enforcement Act of 2007 up to 46 co-sponsors

admin — Fri, 29 Feb 2008 00:10:28 +0000

According to http://www.casinogamblingweb.com, today Congressman George Miller [CA-7] signed on to co-sponsor Bill HR 2046, which we wrote about earlier. George Miller became the 46th Congressman to co-sponsor the bill which was originally proposed by Rep. Barney Frank [D-MA].

HR 2046 aims to amend title 31, United States Code, to provide for the licensing of Internet gambling facilities by the Director of the Financial Crimes Enforcement Network, and for other purposes.

Can I bet on the Internet from the United States?

admin — Thu, 28 Feb 2008 06:51:49 +0000

Passed in 2006, with enforcement started in 2007, the United States enacted the Unlawful Internet Gambling Enforcement Act (UIGEA), which made it illegal for financial institutions to process payment transactions between gambling operations and American customers. The law says nothing about an individual located in the U.S. being unable to gamble on an Internet site.

The UIGEA resulted in many online gambling companies withdrawing from the American market, but a number of private companies continue to serve it.

The states of Illinois, Michigan, Indiana, Nevada, Oregon, South Dakota, Washington and Louisiana have all passed legislation that specifically prohibits unauthorized forms of Internet gambling. All forms of gambling are illegal in Hawaii and Utah.In 2006, H.R. 4777 : Internet Gambling Prohibition Act to to expand and modernize the prohibition against interstate gambling, and for other purposes was introduced by Rep. Robert Goodlatte [R-VA], but was never passed into law.

In conclusion, the legality varies state to state, but the problem is not in your desire to bet on sports games, it’s in finding a company that will be willing to accept a US-based player. To compare,the British Parliament passed legislation to regulate online gambling. Under this new legislation, online casinos are allowed to operate from Britain while a new commission, and a body of some 100 investigators, have been established to regulate the industry.