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Bill to Legalize Online Poker & Online Gambling Introduced by Barney FrankFri, Apr 27th, 2007 @ 12:00am Bill Creates Exemption for Properly Licensed Operators to UIGEA's Ban Rep. Barney Frank (D-MA) introduced the Internet Gambling Regulation and Enforcement Act of 2007 (IGREA) that would create an exemption to the prior ban on online poker and online gambling for properly licensed operators, allowing US residents to lawfully bet online. IGREA seeks to establish a federal regulatory and enforcement framework to license companies to accept bets and wagers online from U.S. residents, to the extent permitted by states, Indian tribes and sports leagues. The bill is written to allow individual states, and Native American tribes to determine whether online betting is will be permitted in their locations. Individual sport leagues, most notably the NFL who strongly opposes online gambling, can also determine whether online betting on their leagues will be permitted. All such licenses would include protections against underage gambling, compulsive gambling, money laundering and fraud. Referring to the Unlawful Internet Gambling Enforcement Act (UIGEA) passed last October, Frank said: "The existing legislation is an inappropriate interference on the personal freedom of Americans and this interference should be undone." The UIGEA prohibits financial institutions to process transactions between US residents and any form of Internet gambling that is illegal under U.S. federal or state law. Frank pointed out that traditional forms of legalized gambling already exist in nearly every state. By continuing to prohibit Internet gambling in the U.S., the U.S. has left Americans who choose to gamble online without meaningful consumer protections. The proposed legislation would institute practical and enforceable standards to bring transparency to Internet gambling and provide consumers the protections they expect and deserve. The Financial Services Committee announced that it will hold a hearing entitled, "Can Internet gambling be regulated to protect consumers and the payments system?" at a date to be determined in June, 2007. Read Related Articles:
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Day 1 of WSOP Winter Bayou Poker Challenge Closes The Harrah’s New Orleans Winter Bayou Poker Challenge, a WSOP Satellite Event, kicked off Monday at Harrah's Casino in New Orleans.
Bill to Legalize Online Poker & Online Gambling Introduced by Barney Frank Bill Creates Exemption for Properly Licensed Operators to UIGEA's Ban
Frank to Introduce UIGEA Repeal Bill Today- Online Poker Applauds U.S. House Financial Services Committee Chairman Barney Frank's press office confirmed that today at 10am ET, Frank will hold a press conference to discuss legislation he is introducing to repeal the controversial Unlawful Internet Gambling Enforcement Act (UIGEA), which Frank has called "one of the stupidest things I ever saw."
UIGEA Repeal Meetings Give Hope to Online Poker Players Several meetings were held this past week in Washington DC to strategize how to challenge the U.S. Unlawful Internet Gambling Enforcement Act (UIGEA), which signals hope for online poker players that UIGEA repeal efforts are coming to a climax in the coming months.
USA loses WTO Appeal in Online Poker & Online Gambling Case The World Trade Organization (WTO) ruled again March 30 against an appeal by the United States in a long-running David versus Goliath case brought by the tiny Caribbean nation of Antigua and Barbuda against the United States initially in 2003 alleging that the U.S. discriminates against online gambling (including online poker) companies that are not located within the United States.
New Web Gambling Study Could Lead to Legal Online Poker in USA Again Two Nevada lawmakers are working on legislation for an 18-month study of online gambling to determine whether online gambling can be effectively regulated in the United States.
Kyl asks Bush to Enforce UIGEA to Counter Frank's Repeal of the Anti-Online Poker Bill Arizona Senator Jon Kyl (R) sent President George W. Bush a letter thanking him for his protection of family values and urging him to act immediately in ensuring that the forthcoming regulations for the Unlawful Internet Gambling Enforcement Act (UIGEA) are as strictly enforced as possible.
EU May Challenge UIGEA Outlawing Online Poker and Online Gambling Payments The European Union's (EU) top financial regulator, Internal Market Commissioner Charlie McCreevy, told the European Parliament on Tuesday that the United States is using "protectionist" legislation to stop foreign online poker and gambling companies entering the US online betting market, and that it may trigger legal action before the World Trade Organisation (WTO).
Does U.S. Want Online Poker & Online Gambling All To Themselves? The respected UK newspaper The Telegraph carried a hard hitting article this weekend which suggested that the US crackdown on online gaming, including online poker, may not be so much about morals as hard cash.
PPA President's State of Poker Address In parallel to the 'State of the Union' address US Presidents traditionally delivers to Congress each January, Michael Bolcerek, president of the Poker Players Alliance (PPA), posted a 'State of Poker' address on the organization's web site, reviewing where poker is today and where, with poker players' help, it can go in the future. |
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