New Sheldon Adelson-Backed Anti-Online Gambling Bill Introduced
March 27, 2014 3:47 PM
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It restores the old interpretation of the U.S. Wire Act
The legalization of internet gambling is a debate that could soon take a turn as new legislation -- backed by Sheldon Adelson -- has been proposed.
, Sen. Lindsey Graham (R-SC) and Rep. Jason Chaffetz (R-UT) have introduced joint legislation that would ban all Internet gambling in the United States (except fantasy sports and horse racing).
This new bill is based on the old interpretation of the U.S. Wire Act, which made online gambling illegal. However, in 2011, a decision by the U.S. Department of Justice (DOJ) legalized online gambling once again -- giving the Wire Act a new interpretation.
Sen. Graham believes the fact that a judge's decision was used to legalize online gambling instead of the legislative branch was unacceptable.
"If you want to have online gambling, then come to the Congress," said Sen. Graham. "Let’s have a debate."
Since the DOJ decision, U.S. states like Nevada, Delaware, and New Jersey have legalized online gambling.
Sheldon Adelson [SOURCE: ABC News]
The bill has a lot of support, including Sen. Dianne Feinstein (D-CA), who said that online gambling sites don't screen for underage gamblers and do nothing to prevent/take care of fraud, criminal acts or money laundering. The bill is also supported by Sen. Mike Lee (R-Utah) and Sen. Kelly Ayotte (R-N.H.)
But one of the main forces behind the bill is Sheldon Adelson, who owns the Las Vegas Sands Corp. and opposes online gaming because it could be harmful to children.
“The fact that Sheldon is on board is a good thing, but I'm doing this because this is ... what I feel like I should do," said Sen. Graham.
Those who support online gambling say that it should be legal, but regulated to prevent gambling addictions.
Former Reps. Mary Bono (R-Calif.) and Mike Oxley (R-Ohio), chairmen of the Coalition for Consumer and Online Protection, said the online gambling ban would reduce consumer protections because it would cause the black market to "thrive" and make people less safe online.
The bill is to be introduced this week.
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Make it harder to citizens to gamble and easier for banks
3/27/2014 5:12:52 PM
Bank lobbyists win again.
When banks gamble and lose, recessions happen. People lose their jobs. Quality of life for an entire nation goes down. Better remove legislation to control banks.
When citizens gamble and lose, they lose money. The end. Better add legislation to prevent this catastrophe from happening. And if people don't like this idea well, we can tell them it is for "the children."
Have to love the GOP. Take an asinine plan and pretend it is for the betterment of children or god and voila, plan passed.
RE: Make it harder to citizens to gamble and easier for banks
3/27/2014 5:56:56 PM
Yes because we all know Democrats never use the "for the children" excuse when they want to rape us.
Yeah good point. I'm sure this online gambling ban is WAY worse than something like oh, I don't know, Obamacare.
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