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Hurry, Hurry!

It probably feels a bit like Chicken Little is running through the halls of the White House this month now that a Democrat has won the presidency. The republicans are now looking at the legislation they have on the docket and are looking to pass of much of it is possible if it is unlikely that president-elect Barack Obama would pass the legislation when he takes office. Some of this legislation directly involves the online casino gambling industry and there is good reason that the democrats and US citizens are worried, honestly.

There is a push right now to push through last-minute regulations, and some of the legislation that may pass could have some very negative long-term effects on the internet and e-commerce – well beyond just the scope of whether or not the government will pass through regulations that further block offshore online casinos.

The issue of Net Neutrality is becoming a huge talking point and cause for concern if you ask some in the industry. According to a Republican industry insider, US Treasury officials are now trying to quietly push “through new rules that potentially will have devastating consequences for privacy and e-commerce.” This means that not only will the online casino gambling industry feel the hit of the new planned regulations, but all Americans would be affected.

Dick Armey is a Republican economist for the FreedomWorks advocacy group and his recent article on the subject indicates that there is good reason to be alarmed – the current moves by the US Treasury officials could have a chilling effect on the online environment – silencing the potential of the internet and instead turning it into something akin to the US postal service, he opines. His article is a compelling reason why Americans should closely watch their government and be ready to protest when the government oversteps its boundaries.