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Monday, November 20, 2006

US gamblers find alternative methods of payment

A former New Jersey gambling regulator said that online gambling websites are simply setting up offshore where US law enforcers can't reach them. Frank Catania, who now lobbies on behalf of the online-gambling industry, argued that the Federal Reserve is not expected to force banks to screen personal cheques or any payment methods that are more difficult to track, and hence players sending in cheques would not have any problems.

Frank Catania said "There's no way online gambling is going to stop," despite the anti-gambling bill passed in September.

The bill was flawed from the start and rather than outlawing internet gambling, the law "clamps down" on the payment methods, making it illegal for financial institutions to process payments originating from an online gaming site.

Put simply, it's not going to work and financial instutions are not going to monitor these transactions!

posted by Clark Gamble at US gamblers find alternative methods of payment

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