|It has been announced that house lawmakers have introduced legislation, which will outlaw most forms of Internet gambling. The legislation comes as a surprise; online gambling is a rapidly growing and unregulated $6 billion industry which is fed mostly by U.S. demand.|
The Bill was introduced by Rep. Robert Goodlatte, R-Va., and emphasises that telecommunications laws strictly forbid the majority of types of Internet gambling. However, ‘games of skill,’ such as fantasy sports leagues and ‘educational’ games would be exempt from the Bill.
The Bill would make it illegal for banks and individuals to knowingly accept credit cards, cheques or electronic fund transfer as payment for Internet gambling. It would also give attorney generals the authority to require financial institutions to refuse transactions for online gambling.
Goodlatte commented, “Gambling on the Internet has exploded into a lucrative business that sucks billions of dollars out of the U.S. economy each year and costs tens of thousands of jobs. Illegal gambling sites evade existing anti-gambling laws by operating offshore, providing a nearly undetectable harbour for criminal purposes.”
Goodlatte maintains that the Bill was written with an immense deal of consultation with the U.S. Justice Department, which is equally determined to expel illegal web gambling.