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US Set to Overturn Gambling Ban American Congressmen Frank and King have put forward legislation for the creation of a regulatory framework for online gambling within the States. The proposed bill states that “internet gambling in the US should be controlled by federal licensing and regulations to protect underage and vulnerable individuals, ensure that the games are fair and address the concerns of law enforcement.” The bill suggests that for online casinos to obtain a US license, they would be required to pass a background check and undertake to protect minors and problem gamblers. The license would be valid for 5 years and it is proposed that they will be managed by the Treasury Department, who will ensure that all taxes are paid and that financial crime is curtailed. The proposed bill does not make any allowances for online sports betting. Fellow congressmen have stated that the proposed bill is “impressive and thorough” and that is “sets very high standards for people seeking gaming licenses”. Poker Players Alliance Chairman Alfonse D’Amato said of the bill that “online Poker is a legal, thriving industry and Poker players deserve customer protections and the freedoms to play provided for in this legislation.” Jeffrey Sandman of the Safe and Secure Internet Gambling Initiative has been quoted as saying that “as Americans continue to wager more than $100 billion online annually, it is time for Congress to acknowledge that the prohibition has been a failure and that a new approach is needed.” The ban on online gambling has been compared to the Prohibition era ban on alcohol, which drove the activity underground and deprived the government of tax revenue. Congressman McDermott says that the ban has “done nothing except make Americans more vulnerable to scams when they wager online and cost the US billions in lost revenue.”
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