A bipartisan group acknowledged that the UIGEA was flawed by nature and online gambling could best be controlled through regulation.

Discussion last week through the markup of H.R. 2267, Barney Frank's measure regulating online gambling, resulted in the expressed belief by nearly all of the home Financial Services Committee that oversight is the right kind policy regarding Internet gaming, versus the UIGEA ban. Although Spencer Bachus, the ranking Republican and a determined foe of gambling expansion, described horror stories of gaming, listeners said his anecdotes only confirmed the failure of the web casino prohibition.

Bachus used a newspaper story within the Orlando Sentinel, which he repeatedly confused with the Ft. Lauderdale Sun-Sentinel, let's say the risks of gambling. In line with Bachus, the object talked about 12-year-olds addicted to gambling, and desperate calls to problem gambling help lines.

But Representative Mary Jo Kilroy of Ohio retorted that the existence of the tale shows the failure of the UIGEA to dam casino sites, leaving regulation of gambling operators because the only responsible course. Over 5000 calls to counselors addressing compulsive gambling issues demonstrates the necessity to protect residents left at risk by the problematic prohibition.

John Campbell, a Republican from California, joined within the criticism of the UIGEA, saying regulation and oversight should replace the payment processing ban, which have been cited for its placement of unreasonable enforcement duties at the financial industry.

The argument that the technology doesn't exist to correctly regulate online gambling has also faded, as Democratic Congressman Gary Peters of Michigan testified players will also be identified as to the state of origin, and the power to require proper age checks can easily be included.

Published on August 3, 2010 by PrestonLewis

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