Risky Betting Online

On July 11th, the House of Representatives passed an antigambling legislation that could make it incredibly difficult for U.S. Gamblers to carry out transactions online. The government is trying to pass the Internet Gambling Prohibition and Enforcement Act, which would ban internet gambling, prohibit online poker sites from knowingly accepting money from US based customers, and pushes financial institutions to deny Internet gambling transactions. One of the few things not affected by the ban is horse racing.  And of course, since the ban is internet related, casinos and slot machines are still ok.

The Bill is an attempt by the government to try and put a halt to illegal activities as well as gambling addiction. Bill supporters see the passage as a huge victory against the Internet gambling crowd and feel that this is a step in the right direction to cleaning the problem of gambling up. The problem will start when the House starts trying to ban slot machines and casinos across the country.  For now though the internet is the focus: "Internet gambling is a serious problem that must be stopped, and I believe the Internet Gambling Prohibition and Enforcement Act will help eliminate this harmful activity before it spreads further," said bill co-sponsor Bob Goodlatte, a Republican from Virginia.

PartyGaming, an internet gambling company, said that they were watching the government actions and were hopeful that they would change their minds. They feel that the U.K. has already embraced online gambling and that the US should as well. They feel, as many do, that if Americans want to bet online, they are going to find a way to do it. Instead of attempting a ban, which really isn’t going to do much good, they should regulate it and thus get some of the profits for themselves.  And while that's a valid point, it still seems that slot machines are the safer bet for those who want to gamble.

 

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