Allelujah. Yesterday, the House Financial Services Committee approved Barney Frank’s HR2267 bill that would effectively legalise and regulate non-sports gambling, by 41 votes to 22 and overturn the UIGEA which merely drove web-based casinos offshore.
The bill is far from becoming law, but it suggests that Congress is waking up to the notion that they might as well tax and regulate an activity that is taking place whether they like it or not. Read more.
