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Upcoming House Hearing

The United States is making slow but steady steps toward taking a second look at the country’s protectionist online casinos gambling regulations. The World Trade Organisation (WTO) has ruled that the U.S. has violated international trade agreements, and even though the U.S. has been forced to concede millions of dollars worth of trade concessions for the ability to block offshore online casinos gambling, the Unlawful Internet Gambling Enforcement Act (UIGEA) still stands and offshore gambling sites are not able to legally access U.S. gamblers. But all of that could be in the beginning stages of a change. Congressman Barney Frank has announced plans to pursue the online casinos ambling issue next month at a House hearing.

Right now is a prime time for the online casinos proponents to highlight the problems in the U.S.’s current solution for internet gambling, the UIGEA. The U.S. Department of Treasury released proposed regulations that would strengthen the UIGEA and give banks and financial institutions a way to decipher legal online casinos gambling transactions from those transactions that are currently banned. But the regulations have caused a storm of debate in varying industries – from the banks to land gambling, everyone seems to take some issue with the regulations. Congressman Frank though was quick to point out that it isn’t necessarily that the regulations are ill-formed. He remarks, "The hearing is going to show - I want to show - that it's not that the regulations weren't done well. It's that they can't be done well given the inherent nature of the issue."

Congressman Frank is a huge supporter of the United States embracing online casino gambling rather than attempting to ban the activity and keep it from U.S. citizens, because that is simply ineffective. Frank’s IGREA bill (Internet Gambling Regulation and Enforcement Act) would instead neutralize the UIGEA and instead promote the U.S,’s involvement in regulating and licensing the industry. The act is, that no matter what the argument is against internet gambling, the United States (and certainly the banking institutions) do not have the ability to completely block online gambling, so it is just being forced underground into a more dangerous pastime that more readily breeds criminal activity.