Hearing Held on Online Gambling in USA

Published Thursday, December 03, 2009 - Online-Casinos.com

 

December 3rd 2009 started the committee thinking about the possibility of regulating online gambling in the USA. The live streaming archive is fascinating to watch as each person comes to the table with an agenda and the committee listens and asks questions seemingly without any bias. The against group and the pro group were well spoken and concise.

Internet gambling was the only topic discussed although jurisdiction was also mentioned. The House Financial Services Committee, is Chaired by Congressman Barney Frank (D-MA) who has all along tried to bring the issue of internet gambling to the forefront and has been delayed by the severe financial crisis in the economy being dealt with by the House Financial Services Committee. This hearing must feel very satisfying for him as well as supporting congressmen. As was evidenced in his opening remark, “It is nice to be able to think legislatively about other things besides the financial crisis, which has consumed this Committee since September of 2008.” In a comment that reflected his reasoning for regulation, Frank added, “There are a whole range of things on the internet that we would not like underage people to use. The notion that because some people abuse something, you prevent everyone from doing it is as great of a threat to the individual as any cause I have ever seen.”

The ninety minute hearing saw seven witnesses from various concerns from the native bands to the bank. Each had five minutes to express their issues for and against. Regulation seemed be the majority vote for all the obvious reasons. This was a good beginning and hopefully the momentum will carry through and the USA will get a grip on the idea of internet gambling.

The Committee’s Ranking Member, Congressman Spencer Bachus (R-AL), was vocal in his opposition to the proposed regulatory system saying “I believe that internet gambling is, has been, and will continue to be a substantial threat to our youth. Any economic benefits from taxing internet gambling would be more than offset by the harm it causes young people.”

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