by Mike Masnick
Thu, Sep 18th 2008 6:02am
Looks like having poker lobbyists setting poker tables at both presidential conventions this year was effective. A new bill is successfully moving its way through Congress that would effectively re-legalize online poker, reversing a law passed two years ago that made it illegal for financial institutions to accept payment for online gambling (all in the name of national security, of course).
Of course, the new legislation would also add some regulations to online gambling, banning wagers on sports -- though, of course carving out an exception for the time of sports gambling that politicians engage in: jai-lai, horse racing and dog racing -- which would remain legal). Rep. Barney Frank who introduced the bill, noted: "Adults are entitled to do with their money what they want to do." Of course, if that's the case, why can't they also wager on sports? Either way, considering the number of folks who have jumped through all sorts of hoops to continue playing poker online, this seems like a step in the right direction.
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