Online gambling repeal mooted
Legislation repealing the US ban on online gambling is in the pipeline, a Massachusetts congressman has revealed.
Chairman of the House of Representatives financial services committee Barney Frank told The Financial Times that details of legislation could be published in the coming weeks, but consultation will come first.
The Democrat representative said: “I’m not ready to give you more details, but I will be by next week or so. We’ll talk more about it later. There’s no urgency on it.”
He went on to make it clear there was still no timetable for a bill to repeal the Unlawful Enforcement Gambling Act, which came into force last October.
He told the Financial Times that the act was “preposterous” and one of the “stupidest” ever passed.
Despite the congressman’s support for an overturning of the ban, support for legislation against online gaming remains strong, both from the casinos and those with religious opposition to gambling.