"The Treasury and the [Fed] issued rules that bar financial companies from processing payments connected to most gambling Web sites, effectively making Internet gambling illegal. ... Democratic lawmakers, the banking sector and elements of the gambling industry have registered opposition to the move", Corey Boles and Jeff Bater at the WSJ, 13 November 2008.
Wonderful, now the "crisis" is solved!
2 comments:
Sorry I think you have it wrong IA, I made a bet today on my eTrade account. It still works fine.
NL:
The problem the Feds have with online "gambling" is the "payout" percentage is higher than for stocks and bonds which provides too much competition for Wall Street.
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