TechSpin: America's Gambling Hypocrisy

Dreyfuss, Joel
November 2008
Red Herring;11/13/2008, p9
Trade Publication
The article reports on the decision of the administration of U.S. President George W. Bush to push through the 2006 Unlawful Internet Gambling Enforcement Act, which requires financial institutions to put regulations in place to prevent payments for illegal gambling. The Treasury announced that it was putting regulations in place to enforce the provisions of the act. Lobbyists for banks and some legislators have objected, saying the banks are being forced to mediate between state laws and federal laws, putting them in an uncomfortable role as enforcers.


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