House Judiciary Committee Approves Limits on Online Gambling

Meanwhile, on another politicized issue in U.S., the House Judiciary Committee approved legislation to toughen laws against Internet gambling, clearing the way for consideration by the full House of Representatives. The committee voted 25-11 to approve the Internet Gambling Prohibition Act, and prepared to support a second measure, the Unlawful Internet Gambling Enforcement Act.
Online gambling’s legal status in the U.S. is unclear under current law, but the new one would make it more explicit. The new measure would force U.S. financial institutions to cooperate with federal law enforcement authorities in shutting down illegal gambling sites based outside the U.S. The measure exempts horse racing, fantasy sports betting and state lotteries in the U.S.
The second measure would make it unlawful for credit-card companies to collect payments for transactions with online-gaming sites.
FT: The industry is confident the Goodlatte bill will not become law. “My view is that in the medium term we are OK,” said Nigel Payne, chief executive of Sportingbet, which derives most of its income from the US. An outright ban would be disastrous for the industry, which operators have recognised by trying to reduce their reliance on the US.

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