Poker Corner: online Poker Rules, News, Learning Poker Corner: online Poker Rules, News, Learning

Online Poker and Internet Gambling To Be Banned in United States

The house busted on the debate of internet gambling, the U.S. House Judiciary Committee took home the pot. In a historic decision The U.S. House Judiciary Committee approved legislation that would essentially ban Americans from online gambling, an industry that is worth an estimated $12 billion. Previous legislation existed, but the current rules make it harder for international gaming companies, with bans on gaming companies accepting credit cards, checks, wire and Internet transfer payments. Banks will be asked to block money transactions with the estimated 2,300 online gambling businesses located off U.S. soil. Many banks have already come forward saying these types of demands would be hard to impossible to regulate. 

Even with a dramatic 25 ? 11 vote approving the legislation it is hard to say whether or not it will make the House and Senate?s floor this year, there are only a few working days left in the Senate this year due to the upcoming November congressional elections. 

?The legislation is badly needed because ... the amount of money going to these illegal unregulated offshore enterprises has quadrupled" in the past few years, explained Rep. Bob Goodlatte, the author of the legislation and a Virginia Republican. 

The American government has already made steps to ban internet gambling, previous legislation barred gambling on wireless devices. 

Many in the industry argue that internet gambling such as online poker is getting treated unfairly compared to legal activities such as internet betting on horse racing, online lotteries and fantasy sports betting. Smaller banks have voiced their concern addressing the burden these added regulations will do to their business. 

"If games of chance are given a free pass in this bill, it makes no sense that a skill game like poker should be banned. Congress should not be picking online winners and losers," expressed Poker Players Alliance president Michael Bolcerek.



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