Tuesday, July 11, 2006

House approves online gambling ban. They also put in an exemption for the domestic horseracing industry, exactly what led the WTO to declare the U.S.'s de facto ban illegal.

In any event, the ban seems mostly symbolic. As it is, domestic banks and credit cards will not process gambling transactions, leading to foreign firms like Neteller facilitating such transactions. So even if this bill becomes law, I doubt much will change, though it may encourage the Justice Department to continue going after media companies accepting online gambling ads, including some firms which have made clear their intention to defend themselves vigorously if charged.

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