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Frank Fighting Online Gambling Bill

Congressman Barney Frank is fighting what he calls “one of the stupidest things” he has ever seen- the online gambling bill that made it illegal. He says that he is making it his focus to try and reverse the bill and will start that push over the next month or so.

He says that it is too early to try to fight the things that the World Trade Organization has found illegal, but he is planning on getting them taken care of. He says he is going to make an announcement within the next couple of week, and is going to try and then get other lawmakers on board before he proceeds, but he knows that there are others who feel the same way he does about the bill.

He says that his committee can’t do much alone, except for lifting the ban on using credit cards to pay for online gambling. However, if he can get other people involved, they can help him reverse the ban altogether. The UIGEA bans US banks and credit cards companies from bring able to process credit card or bank payments to online gambling businesses.

The WTO recently ruled that the US’s ban was illegal and that they were unfairly targeting offshore casinos. They said that they can keep their online gambling ban only if they also ban remote betting on horse racing. The US is meeting with the WTO at the end of April to discuss the decision.

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