Feeds

Congressman Frank slams online gambling ban

Calls for repeal

Internet Security Threat Report 2014

Congressman Barney Frank (D. Mass) is mooting a bill to repeal America's online gambling ban enacted last year.

He told the FT yesterday that the ban of online gambling established by the Unlawful Enforcement Gambling Act (UIGEA) was one of the "stupidest laws" ever passed.

A spokesman for Frank, who is chairman of the House of Representatives, financial services committee, later told Reuters that his boss has not drafted a bill, much less considered when he might put it before Congress.

Pegged onto a larger security bill last October, UIGEA made it illegal for US banks to process payments to online gambling businesses located outside the US. Analysts caution that politicians might be reluctant to support "pro-gambling" measures.

Even so, the hint that the controversial ban might be lifted, allowing gambling firms to re-enter the lucrative US market, pushed up the price of gambling stocks. Shares of Sportingbet rose £3 to £58.75 while Partygaming's stock rose 4.75 pounds (12.5 percent) to £42.75, AP reports. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.