| GamblingPhD menu | Wall Street Journal Urges Surrender
April 11, 2008 According to the Wall Street Journal, the United States Government might want to reconsider sticking to their guns with the Unlawful Internet Gambling Enforcement Act introduced in October 2006. They encourage regulation instead of prohibition.
They are in support of Barney Frank�s bill to regulate online gambling, especially now with all of the problems that we have had with Antigua and the European Union. They say that by passing the regulation bill they could solve all of their problems with the stroke of the pen.
It also talked about the problems that the banks are having right now with the onus having been put on them for knowing whether or not a transaction is an online gambling one or not. They say that this cannot be expected of them, and the banks agree.
They find it amusing that for once we are the ones breaking the laws of the World Trade Organization, and yet still asking the other countries to abide by laws that we ourselves will not abide by. The European Union says that we are discriminating against them unfairly and trying to create a monopoly for ourselves. They may be right.
They also point out that we are �practicing a form of universal jurisdiction� and we are applying our laws to foreigners which we have complained about other countries doing. They urge our government to think before they act. |
