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Legal Online Gambling May Return to US

Posted by Zonk on from the you-have-the-right-to-lose-it-all dept.

According to a story on News.com, legal online gambling may return to the US. The ban, put into place last year, is now in jeopardy thanks to the efforts of folks like Barney Frank, the Democratic chairman of the House Financial Services committee. Frank is of the opinion that adults should police themselves for excessive gambling, and the government should stay out of their way. "Friday's hearing included witnesses from companies that process online payments. In general, they echoed the arguments once used in favor of ending alcohol prohibition and that are now being invoked to decriminalize marijuana: It's better to legalize, tax and carefully regulate an industry than let it flourish with far less oversight in the black market. Some countries already do just that. In the United Kingdom, for instance, Internet gambling is legal and strictly regulated. Some of the larger online casino operators are publicly traded on the London Stock Exchange. "

10 of 231 comments (clear)

  1. READ YOUR BIBLE! by Anonymous Coward · · Score: 0, Funny

    GAMBLING IS A SIN - Please Keep the Ban!!

    Remember jesus loves you

  2. wow by rangek · · Score: 5, Funny

    I am stupefied. Barney Frank has finally done something I agree with. The skiing must be pretty good in hell nowadays...

  3. Gambling by Spookticus · · Score: 1, Funny

    oh come on...just one more post to slashdot....just one more, please?

  4. Re:Barney Frank. by Sunburnt · · Score: 3, Funny

    The rep who ran a gay brothel out of his home?

    Why not? His day job involves the world's most profitable brothel - seems like a smart bit of career choice.

    Now, why exactly is this relevant to, you know, online gambling, which generally involves a minimum of hot man-on-man action?

    --
    Tags != Comments, and -1 (Troll) != -1 (I Would Respond Angrily To This Poster So They Must Be Trolling)
  5. Re:He's lying! You can tell, his lips are moving. by iggymanz · · Score: 3, Funny

    sometimes with lawmakers and corruption larges wads of jizz are involved too

  6. From the same party... by Anonymous Coward · · Score: 3, Funny

    That's all about banning video games. Woohoo!

    1. Re:From the same party... by Kenji+Mapes · · Score: 2, Funny

      Any one want to bet on the outcome of this?

  7. can you say... by ecalkin · · Score: 3, Funny

    The Pirate Bay of the Caribbean ?

        Antigua could be a major hosting site for torrents...

  8. Re:yeee haw by Pichu0102 · · Score: 2, Funny

    Thanks for your research on this subject.
    For tonights' homework, however, I want you to write a paper on paragraphs.

  9. Republicans used to stand for less government. by argent · · Score: 2, Funny

    Clinton was the most fiscally conservative president in the past 50 years. Yes, that's including Reagan, who gets second place. And that's *only* counting non-military spending, so we're not counting Reagan's defense build-up against him.

    Bush isn't even in the top five. Even Carter did a better job at keeping spending under control.