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Online Casino Boss takes on Congressman

Bet on Sports’ chief executive David Carruthers has arguably been the most outspoken opponent of the U.S. government’s attempts to ban the online casino industry. Recently a rare opportunity provided by the Wall Street Journal Online helped online casino fans gain valuable insight into Carruthers’ position and that of one of his main opponents in the dispute.

Bet on Sports’ chief executive David Carruthers has arguably been the most outspoken opponent of the U.S. government’s attempts to ban the online casino industry. Recently a rare opportunity provided by the Wall Street Journal Online helped online casino fans gain valuable insight into Carruthers’ position and that of one of his main opponents in the dispute. An email exchange between the online casino boss and U.S. Congressman Jim Leach was published last month on the Journal’s website and has received much interest from a variety of sources.

During the email exchange, the two opponents discussed the proposed legislation seeking to outlaw online casino gambling, which Leach and others including Senators Robert Goodlatte and Jon Kyl, are trying to push through the U.S. legislature. Carruthers made a strong argument for regulation, rather than prohibition, of the online casino industry in the debate. He also focused his argument on contradicting many of Leach’s comments linking online casino gambling and organized crime.

Carruthers stated that prohibition would have exactly the opposite effect than the government intends and wrote that the online casino industry would be forced to move underground. Leach’s response to this was that online casino gambling is already “underground.” While there was no clear winner in the debate, the common consensus is that Carruthers presented the stronger argument.

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.

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