The act was passed Saturday, Sep 30. It prohibits online gambling by placing criminal sanctions on financial institutions and banks if they fund an entity involved in "illegal gambling" operations. Some things such as horseracing and fantasy sports have been carved out/excluded from the definition of illegal gambling, but common games such as poker and blackjack are hit.
I will admit my bias and say that this legislation is crap. The government should not be telling us what we can and cannot do with our own money. They say it's to protect the children and to stop gambling addictions... there are many other less restrictive yet more effective means to protect children from gambling websites such as universal age-verification accounts (which could be implemented if the government looked into regulation instead of prohibition). As for addicts.... I've never heard an addict complain that he couldn't find a place to gamble his money away. Taking this away doesn't help the addiction
2006-10-03
06:58:39
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5 answers
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asked by
lingt69
3
in
Politics & Government
➔ Law & Ethics