Several strong signs in the past few days that the US ban on online gambling will be repealed in the near future. The recent settlements the US authorities have come to with Party Gaming and its founder (Anurag Dikshit) indicate to me that the US Government is preparing for a reversal of the ban.
News today that Democratic lawmaker Barney Frank is about to put forward legislation to repeal the ban by the end of the year.
There are many reasons that the US ban doesn't make sense. These include freedom of trade, lost tax revenue and the fact that the void is being filled with illegal unregulated operators. I think it is only a matter of time before the unregulated black market in the US is replaced by a regulated market that derives substantial tax revenue for the US Government.
Thursday 9 April 2009
Subscribe to:
Posts (Atom)
