BUSINESS

Obama moving closer towards legalizing online gaming

TAGs: Online Gambling

Obama to legalize online gaming? Gambling newsWith pressure from the European Union as well as new economic concerns, many feel that it’s only a matter of time before President Obama legalizes online gaming. A representative of Merill Lynch has said that the prohibition of online gaming will eventually be giving way to regulation. One major catalyst for regulation may be the fact that the Unlawful Internet Gambling Enforcement Act that currently prohibits online gaming in the US violates EU trade regulations. While the Bush administration didn’t seem to pay too much attention to this issue, the Obama administration seems much more concerned. Read more…

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