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The Internet Roller Coaster

The United States online casino gambling industry is really one big roller coaster. No matter what news we publish here on GambleCraft, the actual situation seems to have progressed further and to a new opposite point. That’s the case in the latest news at least. Although there has been a lot of negativity about the possibility of a legalized gambling market in the US – new reports indicate that there is a actually a good likelihood that the pro-gambling politicians have a shot at passing through new legislation in the US in the very near future. The current ban of offshore online casinos is really like a ticking time bomb – it can’t last forever and there is a strong expiration date on the UIGEA.

Some of the hope for the legalized US online casino gambling industry stems from the fact that that Obama Administration seems to have more positive policies regarding internet censorship. The decision to stop the implementation of the UIGEA enforcement regulations on the first of December, 2009 was a huge step forward for proponents of an more regulated and licensed US approach to online casinos. Obama proved that he is not fully throwing his support behind the UIGEA in that one decision and hope has blossomed in the US, and actually around the world as major international gambling companies are eagerly hoping for new laws in the US.

As always though, there is no clear time-frame. There is a strong possibility that new legislation will pass in the new year (2010) that could realize Barney Frank’s dream for a legalized online casino gambling industry that has strong internationally recognized regulations and a tax structure that benefits the US government’s budget at the same time.