Online Gambling News

Wall Street Journal
Wedsnesday Nov 12, 2008

Online Gambling Faces New Curbs From the U.S.
By COREY BOLES and JEFF BATER
http://online.wsj.com/article/SB122653743356122805.html

The Treasury Department and the Federal Reserve issued rules that bar financial companies from processing payments connected to most gambling Web sites, effectively making Internet gambling illegal.

Without these new regulations, the law, which passed easily (317-93) last year, would have been useless.
-Family Research Council

The rules, issued Wednesday, give companies until Dec. 1, 2009, to comply with a ban that covers credit-card transactions, electronic transfers and checks related to Internet gambling.

Oppostion to the move: gambling industry, banking sector, Democratic lawmakers.

Write your congressman today.