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IGREA Lends Hope

For months now Congressman Barney Frank and his aides have spent time and manpower to spread the message to politicians and the U.S. public about the proposed Internet Gambling Regulation and Enforcement Act (IGREA). Fortunately it seems that as the situation concerning the international online casino industry deteriorates, and the U.S. is put in a tough situation concerning compensation claims, U.S. politicians are increasingly receptive to legislation that would neutralize the Unlawful Internet Gambling Enforcement Act (UIGEA). The media has now “jumped on the band-wagon” so to say, and are now openly supporting alternative legislation that would both license and regulate the online casinos companies operating for U.S. players.

The U.S.’s international issues concerning online casinos began a few years ago, yet have really come to international attention after the UIGEA truly forced offshore internet gambling companies out of the U.S. market. And even at that point though, the media has not put the online casinos issues to the forefront of news. Only since reports from the EU indicate the possibility of $100 billion in compensation claims against U.S. trade has the U.S. mainstream media begun to seriously report the issue to the public.

A main media focus lately centers on the idea that implantation of Frank’s IGREA could resolve the stalling negotiations in Brussels and elsewhere. Because the U.S. allows state-run horserace betting and fantasy sports, licensing offshore online casinos is a reasonable solution. As it stands, the WTO dispute concerning the U.S.’s online casino legislation is the largest case the WTO has handled to date.