by Mike Masnick
Tue, Oct 2nd 2007 6:23pm
As the federal government continues its quixotic quest to stamp out online gambling for no clear reason (other than, you know, to protect our ports), it's now putting the responsibility on banks to block online gambling. Why banks? That's not entirely clear, but banks may now be responsible for making sure that individuals can't transfer money to various online gambling operations. All this for an activity that doesn't appear to create any additional problem gamblers. There are those who say it's all because the federal government wants to tax online casinos, but that doesn't ring true either -- since they're shutting them down rather than taxing them. Many online casinos would love to be taxed if they could legally do business in the US. Instead, it seems to just be that some politicians claim not to like online gambling for moral reasons -- though they were careful to carve out exceptions for wholesome online gambling like horse races and state lotteries.
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