Experts Testified Before the House
04 December 2009
Now is everyone’s chance to be heard on how you feel on the subject of online Gambling. We all need to speak now or forever hold our peace so to say. Read this and go to the tools and let your voice be heard!! This could mean the difference on whether we can play online or not in the future.
Today experts in the fields of security and consumer safety testified before the House Committee on Financial Services to address legislation introduced by Chairman Barney Frank (D-MA) that would regulate Internet gambling in the United States.
Statements from witnesses such as Professor Malcolm Sparrow of Harvard University, Michael Brodsky of YouBet.com, Parry Aftab of WiredSafety and Keith Whyte of the National Council on Problem Gambling provided evidence to Committee members that a regulatory framework for Internet gambling would protect consumers and ensure the integrity of Internet gambling financial transactions.
In the Harvard study “Can Internet Gambling Be Effectively Regulated? Managing the Risks,” released at today’s hearing, Sparrow stated, “The establishment of a well-regulated industry under U.S. jurisdiction would offer far better protection against online gambling’s potential social harms than outright prohibition… In the end, consumers in the United States would be better protected than they are now.”
As Congress evaluates the arguments in favor of regulating Internet gambling in the United States, it’s the perfect time to contact them to voice your support. Our online tools make it easy.
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Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
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