Internet gambling has captured the attention of the House Financial Services Committee and its chairman, Congressman Barney Frank of Massachusetts. Currently on the books, but not yet implemented, is the Unlawful Internet Gambling Enforcement Act (UIGEA). Despite its title, the UIGEA does not directly prohibit Internet gambling. It does, however, prohibit persons engaged in gambling businesses from accepting certain financial instruments in connection with bets or wagers that are illegal under federal, state, or tribal gambling laws.
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Topics: Internet Gambling, Pending Legislation
Published In: Art, Entertainment & Sports Updates, Criminal Law Updates, Elections & Politics Updates, Finance & Banking Updates, Science, Computers & Technology Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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