House Financial Services Committee Considers Internet Gambling

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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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