|Internet gambling experts have spoken out in support of America’s proposed Internet Gambling Regulation And Enforcement Act, as they believe it would help combat both compulsive and underage gambling.|
The Act was introduced to UC Congress by Massachusetts Representative Barney Frank in response to the Unlawful Internet Gambling Enforcement Act (UIGEA).
Industry experts on both sides of the Atlantic said that Frank’s legislation would, if passed, protect consumers by establishing a regulatory and enforcement framework to tackle compulsive and underage gambling and ensure the integrity of Internet gambling financial transactions.
“The graphical and interactive structure of the Internet provides a revolutionary opportunity to create informed customers with access to a variety of information designed to encourage safe choices and discourage unsafe behavior,” said Keith Whyte, Executive Director of the National Council on Problem Gambling.
Existing technology and security controls have already proven to be effective in addressing compulsive gambling and available safeguards include the ability to control the amount of money wagered and deposited, restrictions on the duration of play, the ability to identify and stop players with extraordinary gambling patterns and allow consumers to be excluded from online gambling.
“The robust, regulatory framework proposed by Congressman Barney Frank presents a viable opportunity to protect American consumers and combat problematic gambling,” said Andrew Poole, Head of Online Services for GamCare, a British charitable organization committed to addressing the social impact of gambling.
This latest show of support for Internet gambling regulation comes as the UIGEA’s 270 day grace period for online payment providers to restructure their payment methods to expel US customers came to an end on Tuesday.