|High-ranking members of Congress plan to make an outright ban on all Internet wagering a top priority next year because of its vulnerability to money laundering, according to a report in Bloodhorse.|
Sen. Harry Reid of Nevada, Democratic minority whip in Congress, said gambling over the Web is ‘ripe for cheating’ and ‘cannot be controlled.’ Only a bill completely banning Internet wagering could stop money laundering through Web sites, he said.
U.S. Rep. Michael Oxley, chairman of the House Committee on Financial Service, agreed Monday with Nevada's senior Senator and said the issue would be the top priority of his committee in 2003.
Some in Congress, however, only want a federal bill that would regulate wagering over the Internet and not ban it completely. Rep. John Conyers of Michigan introduced such a bill in November but it has not been considered by the Senate.