Government Delays New Ban On Internet Gambling

Posted by Soulskill on Saturday November 28, 2009 @03:55AM from the twenty-bucks-says-they-extend-it-again dept.

The Installer writes with this quote from the Associated Press: "The Treasury Department and the Federal Reserve are giving US financial institutions an additional six months to comply with regulations designed to ban Internet gambling. ... The delayed rules would curb online gambling by prohibiting financial institutions from accepting payments from credit cards, checks or electronic fund transfers to settle online wagers. The financial industry complained that the new rules would be difficult to enforce because they did not offer a clear definition of what constitutes Internet gambling. They had sought a 12-month delay in implementing provisions of the Unlawful Internet Gambling Enforcement Act that Congress had passed in 2006. ... US bettors have been estimated to supply at least half the revenue of the $16 billion Internet gambling industry, which is largely hosted overseas."

1 of 143 comments (clear)

Min score:

Reason:

Sort:

Re:Can an American explain it to me? by Anonymous Coward · 2009-11-28 04:35 · Score: 0, Flamebait

It's queer how you people think.
Invading Afghanistan and Iraq, without any provocation from them, and killing millions of innocent civilians... PATRIOTIC!
Preventing two men or two women who are in love with each other from marrying... PATRIOTIC!
Forcing people into bankruptcy over essential healthcare... PATRIOTIC!
Risking your own money on stocks, bonds and other financial instruments... PATRIOTIC!
Risking other people's money on stocks, bonds and other financial instruments... PATRIOTIC!
Risking your own money on a game of cards... SOCIAL EVIL!