This past December, the United States settled a trade dispute with Canada, Europe, and Japan over the recently enacted Unlawful Internet Gambling Enforcement Act.
The problem is that the law carves out exemptions for some forms of gambling, such as state lotteries and domestic horse racing, while banning most other forms, most notably poker, the most popular form of online wagering.
The most popular online poker sites are all based overseas, where online gambling is legal. This gave rise to the trade dispute between the U.S. and most of the rest of the western world.
The U.S. Trade Office won’t release the terms of the settlement?an odd development itself, given that the settlement involves U.S. tax dollars, was negotiated by employees of the U.S. government, and isn’t likely to involve any information related to national security. But most experts believe that given the immense popularity of online poker, and the fact that America is home not only to most of the world’s poker players but also the wealthiest, the settlement was likely in the tens of billions of dollars.
Source:foxnews.com
Related posts:
- Microsoft, Google, Yahoo settle gambling claims Microsoft Corp, Google Inc and Yahoo Inc agreed to a...
- Internet gambling in US not helped by WTO If you thought the recent Antigua v. United States case...
- New Zealand Blocks Internet Gambling Site The New Zealand government?s Internal Affairs Department (IAD) has instructed...
- US fined 100 billion dollars over internet gambling ban Angered over the US ban on internet gaming, several World...
- AOL, Yahoo Online Gambling Partnerships a Sign of the Future Yahoo entered the online gambling market with the introduction of...