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| | | May 28 - In a feature article this week, the New York Times outlined the strong opposition that Congressman Barney Frank faces as he tries to introduce his bill to end the Unlawful Internet Gambling Enforcement Act.
Despite the fact that the UIGEA is considered ambiguous at best, and an impossible mission for banking establishments to implement, there are many who believe that this law should remain in place.
The New York Times quoted Republican Spencer Bachus as saying: "Illegal offshore internet gambling sites are a criminal enterprise, and allowing them to operate unfettered in the United States would present a clear danger to our youth, who are subject to becoming addicted to gambling at an early age."
Bachus is naturally not the only one opposed to the legalization and regulation of the US online gambling industry. Powerful sports groups are also adamant to stand in Frank's way and organizations such as the National Collegiate Athletic Association have come out publicly against the venture.
Another angle of opposition, albeit more subtle, comes from the exact areas where Frank was hoping to glean more support. The American Gaming Association, for example, has decided to take a neutral stance on the subject, claiming that there are too many different opinions amongst its members for the group to publicly back the bill.
It remains to be seen whether Barney Frank, who has worked so tirelessly to overturn the UIGEA, will finally be successful in his efforts.
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| | 5/28/2009 7:31:19 AM |
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