Leach Bill Puts Pressure On Internet Gaming
By sam
Legislation that makes it illegal for banks or individuals to accept credit cards, checks or electronic forms of payment for Internet gambling was passed yesterday by the House Financial Services Committee.

Rep. Jim Leach, R-Iowa’s bill, which was previously part of an anti-money-laundering bill passed last week, got through by a vote of 34-18. The measure had been shed from the anti-money laundering bill to ease it’s passage through the house is now known separately as the ‘Unlawful Internet Gambling Funding Prohibition Act.’

The bill does allow ‘games of skill’ which include fantasy sports leagues, and educational games. It also specifies that ISP’s and telecommunications companies would not be considered ‘gambling entities.’

The bill will now be passed to the House Judiciary Commission who will consider the measure’s future.

Online Casino News.com provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.