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US Ban, WTO and Antigua Online Casino Gambling

Two American representatives are pushing forward the Internet Gambling Prohibition Act, which affects offshore gambling. If the law is passed, it plans to prohibit online casino gambling whether the servers are based overseas (off-shore) or not. The passing of this law would put the US on a collision course with the WTO which has requested that the United States not interfere with online casino gambling servers which are located offshore.

If the Internet Gambling Prohibition Act is passed, the United States could find itself the brunt of WTO sanctions for not bringing its laws into compliance with the WTO ruling. Antigua has already protested the US law to prohibit online casino gambling and it complained the Americans have done nothing to implement the WTO’s ruling. But the Americans are remaining adamant to push through the law which would outlaw online casino gambling anywhere in the United States, whether the servers were located on American soil or offshore.

The law is also planned to tighten the facilities of payments for online casino gambling. It would make it illegal for these sites to accept credit card payments, electric funds transfers or checks from US players. Banks and other American financial institutions have been applying their own restrictions lately, but the law would be the last nail on the coffin for online casino gambling payment options.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.