Tomorrow, Financial Services Committee Chairman Barney Frank (D-MA) will hold a press conference to unveil legislation that will enable Americans to bet online and put an end to an inappropriate interference with their personal freedom. The new bill would create an exemption to the Unlawful Internet Gambling Enforcement Act (UIGEA) for operators that are licensed and regulated.
Not so much bad, but it certainly doesn't do anything for sports bettors
http://www.house.gov/apps/list/press/financialsvcs_dem/press050609.shtml
SUMMARY OF INTERNET GAMBLING REGULATION CONSUMER PROTECTION & ENFORCEMENT ACT OF 2009 (H.R. 2267)
This bill would provide the Department of the Treasury with the exclusive authority to establish regulations and license Internet gambling operators. License applicants would be:
http://www.gambling-law-us.com/Federal-Laws/sports-protection.htm
Professional and Amateur Sports Protection Act of 1992.
Specifically, PASPA makes it unlawful for:
http://www.house.gov/apps/list/press/financialsvcs_dem/press050609.shtml
SUMMARY OF INTERNET GAMBLING REGULATION CONSUMER PROTECTION & ENFORCEMENT ACT OF 2009 (H.R. 2267)
This bill would provide the Department of the Treasury with the exclusive authority to establish regulations and license Internet gambling operators. License applicants would be:
- Subject to review of their financial condition and corporate structure, business experience, suitability, and criminal background checks, and agree to be subject to U.S. jurisdiction
- Prohibited from accepting any type of bet or wager that is initiated or terminated in a state or tribal land that prohibits that type of Internet gambling, or any sports gambling or wager prohibited under the Professional and Amateur Sports Protection Act.
http://www.gambling-law-us.com/Federal-Laws/sports-protection.htm
Professional and Amateur Sports Protection Act of 1992.
Specifically, PASPA makes it unlawful for:
(1) a government entity [187] to sponsor, operate, advertise, promote, license, or authorize by law or compact, or(2) a person to sponsor, operate, advertise, promote, pursuant to the law or compact of a government entity, a lottery, sweepstakes, or other betting, gambling, or wagering scheme based, directly or indirectly (through the use of geographical references or otherwise), on one or more competitive games in which amateur or professional athletes participate, or are intended to participate, or on one or more performances of such athletes in such games. [188]
Unlike the Wire Act, PASPA does not require the use of interstate wire transmissions. Reading PASPA together with section 1084(b) of the Wire Act, sports wagering is effectively limited to Nevada. As one author remarked, "in order to accept lawful Internet sports wagers on college or professional football, the casino must be located in Nevada and only accept Internet wagers from Nevada residents." [196]
Unlike the Wire Act, PASPA does not require the use of interstate wire transmissions. Reading PASPA together with section 1084(b) of the Wire Act, sports wagering is effectively limited to Nevada. As one author remarked, "in order to accept lawful Internet sports wagers on college or professional football, the casino must be located in Nevada and only accept Internet wagers from Nevada residents." [196]
