Internet Gambling Regulation and Enforcment Act: Winners and losers
Rep. Barney Frank’s (D-Mass.) proposal to regulate Internet gambling in the U.S. has received a mixed reviews from the online gambling industry.
Frank’s plan calls for regulated companies to ensure gamblers are at least 18 years of age and in a jurisdiction that allows betting. Licensees would also need to demonstrate that they could combat fraud, money laundering and compulsive gambling, and ensure that all taxes and fees would be paid.
