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Busy Week for U.S. Internet Gambling

The United States has faced a busy past couple of weeks in the world of online casinos gambling. Everything from UIGEA protestors voicing concerns, banking institutions sending letters in mass to note the impracticality of the U.S. internet gambling ban, to the crowning moment of the week, the Congressional hearing that occurred this past Thursday and included extensive presentations from specialists in multiple industries who highlighted the negative affects of the U.S. online casinos gambling ban. Congressman Barney Frank has been at the forefront of all of the heated debate to neutralize or repeal the UIGEA, and has also had the opportunity to push his bill which proposes that the U.S. license and regulate the industry.

The Congressional hearing was largely successful in educating Congress on the issues facing the U.S. because of the UIGEA. There is, naturally, no clear indication on what the outcome of the hearing will be, but most in the online casinos gambling industry are certain that Congress will act on fixing this problem quickly considering the negative impact it has had with maintaining international relationships.

Those presenting at the Congressional hearing ranged greatly. Individuals from the banking industry and financial sectors indicated that the current online casinos gambling ban was simply unenforceable and that to even try could cause some severe repercussions for the U.S. banking industry. Some player interest groups weighed in on the topic, along with online casino gambling specialists who believe that the U.S. could effectively license and regulate the industry.