This week, the champion of freedoms for Americans Representative Barney Frank introduced yet another offering pointed at legalizing internet gambling. Last year the honorable Mr. Frank introduced similar legislation, which did not get much traction and did his best to block the implementation of the UIGEA. Unfortunately for Internet gamblers, he struck out with both efforts.<\/p>\n
Frank\u00e2\u20ac\u2122s most recent House Resolution<\/a>, introduced on Wednesday, is so new that the bill does not yet have a number! Frank said Wednesday at a news conference introducing his bill that he hadn’t spoken to Congressional leadership nor to the Obama administration about the online gambling legislation. Never mind that the U.S. financial system is in the tank, news outlets this week were very interested in this new gambling bill. Frank was asked about his latest piece of legislation on his seemingly daily appearances on Bloomberg, CNN and Fox news. Fox ‘News’<\/a> seems to have already made up its mind on Internet gambling, “If running major financial institutions and the auto industry isn’t enough for the Obama administration, a new House bill would put the Treasury Department in charge of Internet gambling.” <\/p>\n View the News Conference video where Frank introduces the Bill here<\/a>.<\/p>\n The initial offering from The House Financial Services Chairman calls for 5 year licenses for operators and seeks an applicant and any other person associated with the applicant to be a “person of good character, honesty, and integrity.” The bill plans to tax player payouts and makes it illegal for operators who are not licensed to take bets from U.S. citizens. <\/p>\n In all, the bill looks like it is aimed at poker and casino games and operators that are already land-based in the U.S. In fact, sports bettors are completely out-of-luck with this legislation, “No provision of this subchapter shall be construed as authorizing any licensee to operate an Internet gambling facility that knowingly accepts bets or wagers on sporting events from persons located in the United States, except for fantasy or simulation sports games.” It looks like the NFL, fantasy and poker lobbyists are certainly doing their job.<\/p>\n We applaud Barney for his continued efforts but wish he had not thrown sports betting under the bus. In all fairness, his previous efforts had met such staunch opposition form the four major sports leagues, he probably included the above language to create an easier path toward passage. Any laws that establish the Internet to the freedoms that Americans are entitled too are a positive step in the right direction. If nothing else, legalization of Internet gambling would free up the payment gateways. <\/p>\n Still, bettors should not get their hopes up too much as this legislation is far from coming to fruition. Frank indicated that this legislation is still in the early stages and he planned on pushing them through Congress some time before the break in the session scheduled for August.<\/p>\n Once this legislation is actually given a bill number, we will have a way to get involved and contact your representative to let him know to give Barney Frank his\/her support. Keep your eye on this space or subscribe to our BLOG feed<\/a>. This week, the champion of freedoms for Americans Representative Barney Frank introduced yet another offering pointed at legalizing internet gambling. Last year the honorable Mr. Frank introduced similar legislation, which did not get much traction and did his best to block the implementation of the UIGEA. Unfortunately for Internet gamblers, he struck out with both<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[53,50,45,34,170],"class_list":["post-287","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-barney-frank","tag-gambling","tag-internet-gambling","tag-uigea","tag-us-legislation"],"_links":{"self":[{"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/posts\/287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/comments?post=287"}],"version-history":[{"count":0,"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/posts\/287\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/media?parent=287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/categories?post=287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.osga.com\/wordpress\/wp-json\/wp\/v2\/tags?post=287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nWhat’s Your Opinion? Add Your Comment Below!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"