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The U.S. Senate Subcommittee on Consumer Protection, Product Safety, and Insurance held a hearing on Wednesday, July 17, 2013 titled, “The Expansion of Internet Gambling: Assessing Consumer Protection Concerns.” The hearing explored the consumer protection implications of the legalization of intrastate online gaming. Click here for more information.
The Senate Committee on Indian Affairs held a hearing to explore how Indian tribes could be impacted by the recent U.S. Department of Justice opinion that permits states to allow all forms of online betting that do not involve sports. Click here for more information.
The House Subcommittee on Commerce, Manufacturing, and Trade held a hearing on Tuesday, October 25, 2011, entitled "Internet Gaming: Is there a Safe Bet?" Experts at the hearing testified that government oversight and regulation of Internet gambling activity in the U.S. presents the best opportunity to protect consumers. Setting the stage for the hearing was the recent Full Tilt Poker indictment, which further exposed the failure to provide guaranteed safeguards for US consumers. Click here for more information.
Representatives of the financial services, tribal and poker communities testified in support of regulating Internet gambling before the House Committee on Financial Services. The hearing was held to discuss the Internet Gambling Regulation, Consumer Protection and Enforcement Act (H.R. 2267).
The legislation, introduced by Chairman Frank in May 2009, would establish a framework to permit licensed gambling operators to accept wagers from individuals in the U.S. In addition to mandating an array of consumer protections, the legislation reinforces the rights of each state to determine whether or not to allow Internet gambling activity for people accessing the Internet within the state and to apply other restrictions on the activity as determined necessary.
Since its introduction, a bi-partisan group of 69 co-sponsors has signed onto the legislation. A recent analysis by H2 Gambling capital predicts that Internet gambling regulation would create as many as 32,000 jobs over its first five years. Click here for more information.
Reps. Barney Frank (D-MA) and Jim McDermott (D-WA) testified before the House Committee on Ways and Means to address effectively regulating online gambling while protecting consumers, collecting tens of billions in new government revenue and creating tens of thousands of new U.S. jobs.
While the primary focus of the hearing was legislation introduced by Rep. McDermott that would collect taxes on regulated gambling activity, Chairman Frank discussed his own Internet gambling bill that would establish a regulatory and enforcement framework for licensed gambling operators to accept bets and wagers from individuals in the U.S. while mandating substantial consumer protections. Click here for more information.
Experts on Internet gambling, consumer protection and online security gave testimony before the House Financial Services Committee, with the majority praising the legalization and regulation of Internet gambling. Witnesses confronted the challenges in the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), including its failure to adequately guard youth or protect problem gamblers and placing an unfair burden on U.S. financial services. Most witnesses agreed that through legalizing online gambling, the industry could be regulated and consumers protected. Click here for more information
Expert witnesses testified before Congress calling for the U.S. to reverse its policy prohibiting Internet gambling. Witnesses before the House Committee on the Judiciary argued that the Unlawful Internet Gambling Enforcement Act (UIGEA) violates the American principles of personal freedom and individual liberty; that the ban violates U.S. treaty obligations with other countries; and that it exposes U.S. businesses to potential criminal retaliation overseas. Click here for more information
The House Committee on Financial Services held a hearing where top experts testified that regulated Internet gambling would protect consumers and ensure the integrity of Internet gambling financial transactions. Click here for more information