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Both Sides Unite

Although it seems impossible to imagine, there are circumstances under which both the conservatives and the liberals can agree on something. In this case, it’s the online casino gambling industry – politicians from both parties have vocalized their support for Congressman Barney Frank’s initiatives in regards to legalizing and regulating the US internet gambling industry. The UIGEA blocks offshore online casinos from legally accessing the US players. Frank though has aggressively fought to limit the influence and scope of the UIGEA over the past more than two years. Now that the UIGEA regulations have been passed through (in a midnight drop legislation by the Bush admin) Frank has renewed his efforts to build support for legislation that would protect the online casino gambling industry at least until more clarity is supplied for the UIGEA.

The UIGEA blocks offshore online casinos with vague language that refers to “illegal internet gambling” but yet never supplies a definition for illegal internet gambling. This means that the financial institutions and the online caisno gambling sites themselves are left to make assumptions about which forms of internet gambling are included in the ban. Frank and Ron Paul introduced a piece of legislation last year that has actually gained bipartisan support. The legislation seeks to put the UIGEA on hiatus until the US Treasury Department provides clarity to certain aspects.

Frank is also a big supporter of his own bill, IGREA, which would legalize and regulate the US online casino gambling industry and possibly provide significant additional tax revenues to the federal and state governments. Frank’s efforts have the support of the internet gambling industry – and apparently also bipartisan support within Congress.