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The Hypocrisy Behind the Federal Online Gambling Ban

The Hypocrisy Behind the Federal Online Gambling Ban

The American gambling world is keenly watching the battle over online gambling and the attempts to “restore” the original Wire Act with legislation sponsored by Sen. Lindsey Graham (R-S.C.) and Rep. Jason Chaffetz (R-UT).

The Hypocrisy Behind the Federal Online Gambling Ban

The arguments for a federal ban on online gambling seem to be at best weak and quite possibly completely hypocritical.

While there is some support for the move, upon closer inspection these attempts seem to be extremely hypocritical.

First of all, rather than “restoring” the Wire Act it would actually change it by removing language banning sports betting only.

Both Graham and Chaffetz are on record as supporting “states’ rights” in issues such as Obamacare, Common Core school standards, gun laws, gay marriage and more. But for some reason they believe that gambling should be treated differently.

At present every state with the exception of Hawaii has some form of legalized gambling. But for some reason, despite the fact that many other countries around the world regulate online gambling with absolutely no problems, anti-gambling activists in the US believe that online gambling would lead to society’s ruin.

One has to suspect ulterior motives behind Graham and Cheffetz’s legislation. The anti-online gambling movement is being driven by Sheldon Adelson’s Coalition to Stop Internet Gambling. Additionally Adelson donates millions of dollars to political causes. Perhaps one needs look no further in order to find the true motivation behind the attempt to “restore” the Wire Act.

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.