Attempt to lift US online gambling ban
A new US law has been proposed which would overturn last year’s banning of internet gambling. The bill proposes heavy regulation of licensed online gambling operations.
Barney Frank, a Democrat in the House of Representatives, proposed the Internet Gambling Regulation and Enforcement Act. Frank is the chairman of the House Financial Services Committee.
“The fundamental issue here is a matter of individual freedom,” Frank said at a press conference.
Financial institutions were barred from processing payments to and from online gambling firms by a law which was rejected by Congress but passed at the very end of a Congressional session as part of a ports security bill that was guaranteed to be passed.
