Two US Representatives from Missouri are joining the fight to bring regulation to online gambling on the federal level.

Missouri's Congressional delegation is officially behind efforts to manage online gambling at the federal level, after the state legislature passed an entice Congress to finish the sports betting ban. Representatives William Lacy Clay and Russ Carnahan both have signed as much as co-sponsor Barney Frank's bill outlining licensing and regulation for Internet gaming operators.

The lawmakers criticized the UIGEA ban, saying it's disingenuous of the law's supporters to say the prohibition will end  US residents' patronizing online casinos. The UIGEA was in comparison to an ostrich-like head-in-the-sand approach to coping with the brand new reality of Internet gambling.

The Congressmen also were a part of the gang of federal lawmakers who successfully appealede to the Treasury to withhold implementation of the UIGEA until Comngress has an opportunity to handle the situation.

"We shouldn't be so naive to think that we'll get rid of gambling by passing that (UIGEA) law," Clay said.

"It's (online gambling) the type of thing that requires clear rules and regulations in order that it functions well," Carnahan added.

John Pappas of the Poker Players Alliance agreed, saying, "INDIVIDUALS ARE playing online by the millions. Whether you favor it or not, the genie is out of the bottle."

The legislators also want the U.S. to milk the massive prospects to create revenue by regulating online gambling.

"I think $42 billion is a vital sum that the government must fund one of the crucial programs which can be worthy and that Americans benefit from," stated Clay, citing figures estimated by a PriceWaterhouse study to be the opportunity of a decade's taxation of Internet gambling.

Published on February 26, 2010 by A.J.Maldonado

Read More... [Source: UIGEA News]