October 15, 2006
Online Gambling
On Oct. 13, President Bush signed the Unlawful Internet Gambling Enforcement Act. This will prohibit U.S. banks and credit card companies from handling Internet gambling transactions. Because of these new regulations, there will be increased difficulty exchanging money through online gambling websites.
I have personally never used an online gambling site, but several of my friends and relatives play online poker. One of my friends actually made over $1,000 in one semester during our freshman year. The act may hurt a lot of online poker sites. Online poker sites have been very successful in recent years with the popularity of The World Poker Tour on ESPN. In fact, since I've been in college I've always seen at least three of my classmates playing online poker during class, in every class I've had. However, it appears that the act is affecting sports-betting sites more. Sites like PartyGaming, The bwin Group, Cassava Enterprises, and Sportingbet have already shut down
Posted by meb40 at October 15, 2006 11:18 PM
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