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Additional Support for Frank’s Bill

Every gambling fan knows how wrong is the Unlawful Internet Gambling Enforcement Act bill, but slowly but surly there will be enough Congressmen that see eye to eye with us gamblers. Currently, there are about 35 Congressmen that support Barney Frank’s new proposal. The new bill will hopefully neutralize the Unlawful Internet Gambling Enforcement Act by establishing a regulation system in the United States. New support comes these days from an unexpected source – the Republican Party’s U.S. presidential candidate, who thrown his support behind Frank.

Congressman Ron Paul said that the current ban against online casino sites is undermining the basic right for freedom that all United States’ citizens are entitled for. By banning online gambling, the government is basically telling people what kind of entertainment they are allowed to consume and which kind they cannot. Hopefully, with the support of Congressman Paul, the bill will gain even further support by people who will know consider it seriously. After all, regulating the online casino industry and taxing it will be much more helpful than the current ban over internet gambling.

The ban doesn’t really stop Americans from gambling at online casinos and the real goal is to establish a responsible gambling community. That can only be done through regulation. The government could make ground rules that all gambling firms will have to meet before they can offer internet poker or video slots for the American public. The online casino industry is known for the large sums of money that it generates and with a proper taxing program, as the new bill suggests, it will be possible to use some of that money to benefit the community. The new bill should be taken seriously and we see more people supporting it. Hopefully, there will be change soon in the legal standing of online casino gambling in the United States.

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.