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Legislators Meet in Key West to Discuss New Internet Gambling Law
Legislators met this past week in Key West, Florida to discuss the new internet gambling law and how to best go about implementing it, Gambling911.com has learned.
The focus was on how far the banking industry would have to go in monitoring such online gambling transactions.
It is doubtful they - the banking sector - would be required to do much at all. Immediately following passage into law of a measure that would require banks to monitor all online gambling transactions made via electronic checks and credit cards, the smaller banks spoke out vehemently that the costs to do this would be astronomical. The larger banks agreed there was no such means to monitor such transactions in place currently and nothing would likely be in place within the 270 day window allotted by legislators.
"I don't feel comfortable with this meeting taking place at all," said one industry observer who runs a highly successful website.
His concern focused not so much on the recently passed law but rather individual states looking to enact their own legislation to ban online gambling.
New York State, now governed by an outspoken opponent of internet gambling, Elliott Spitzer, is rumored to be considering its own legislation to ban internet gambling entirely.
To date, Washington is the only state that makes it a Class C felony for an individual to gamble online. Whenever possible, Gambling911.com discourages Washington State residents from betting online. They can potentially face the same punishment as a child sex offender or second time drunk driver.
Gambling911.com sources were not privy to the discussions that transpired in Key West, Florida. It is not known the direction in which talks were heading and it is highly doubtful that a bunch of politicians were there bashing Bill Frist (who helped push the online gambling law through).
The most outspoken legislators currently serving in Congress as it pertains to internet gambling restrictions are against the recent law, however. Shelley Berkley (D) of Nevada expressed disgust over the passage of this online gambling legislation back in November.
"This (internet gambling) legislation has a loophole big enough to drive a truck through that was designed solely to protect betting on horse racing and lotteries over the Internet," she told Gambling911.com's Kira Wissman.
The Poker Players Alliance has been working hard to get online poker exempt from the recently passed legislation and their efforts looked promising.
Legislators Meet in Key West to Discuss New Internet Gambling Law
Legislators met this past week in Key West, Florida to discuss the new internet gambling law and how to best go about implementing it, Gambling911.com has learned.
The focus was on how far the banking industry would have to go in monitoring such online gambling transactions.
It is doubtful they - the banking sector - would be required to do much at all. Immediately following passage into law of a measure that would require banks to monitor all online gambling transactions made via electronic checks and credit cards, the smaller banks spoke out vehemently that the costs to do this would be astronomical. The larger banks agreed there was no such means to monitor such transactions in place currently and nothing would likely be in place within the 270 day window allotted by legislators.
"I don't feel comfortable with this meeting taking place at all," said one industry observer who runs a highly successful website.
His concern focused not so much on the recently passed law but rather individual states looking to enact their own legislation to ban online gambling.
New York State, now governed by an outspoken opponent of internet gambling, Elliott Spitzer, is rumored to be considering its own legislation to ban internet gambling entirely.
To date, Washington is the only state that makes it a Class C felony for an individual to gamble online. Whenever possible, Gambling911.com discourages Washington State residents from betting online. They can potentially face the same punishment as a child sex offender or second time drunk driver.
Gambling911.com sources were not privy to the discussions that transpired in Key West, Florida. It is not known the direction in which talks were heading and it is highly doubtful that a bunch of politicians were there bashing Bill Frist (who helped push the online gambling law through).
The most outspoken legislators currently serving in Congress as it pertains to internet gambling restrictions are against the recent law, however. Shelley Berkley (D) of Nevada expressed disgust over the passage of this online gambling legislation back in November.
"This (internet gambling) legislation has a loophole big enough to drive a truck through that was designed solely to protect betting on horse racing and lotteries over the Internet," she told Gambling911.com's Kira Wissman.
The Poker Players Alliance has been working hard to get online poker exempt from the recently passed legislation and their efforts looked promising.
