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Congressman Frank's bill is a common sense approach to Internet
Gambling
Group Says Legislation Provides a Better Alternative Than Outright Ban
The Poker Players
Alliance (PPA), a grassroots organization of more than 400,000
poker-playing members, supports House Financial Services Chairman Barney
Frank's introduction of sensible Internet gambling legislation.
"Congressman Frank's bill is a common sense approach to Internet
gambling," said Senator Alfonse D'Amato, PPA Chairman of the Board.
"Licensing and regulation will allow us to sort out the most responsible
sites -- those who are good corporate citizens -- from those engaged in
unscrupulous activities and practices. This legislation creates common
sense public policy that establishes real safeguards, protecting minors and
problem gamblers while allowing the majority of adults to enjoy poker and
other games online."
Chairman Frank's bill will define a set of criteria by which banks and
financial institutions will be allowed to process funds to and from
Internet gambling sites that meet strict licensing and regulations. Such
criteria would include requirements that sites operate state of the art age
verification software, programs to help problem gamblers, and other
technological requirements. In addition, companies would be subject to
affirmative monetary controls to detect and stop money laundering
activities.
"Americans have played poker throughout history. Playing poker on the
Internet is simply an example of an American tradition evolving into the
21st century," continued D'Amato.
"The age verification technology that exists today to keep kids off of
poker sites was non-existent years ago. The time is now to license and
regulate operators and allow U.S. poker sites to compete with off-shore
ones. The Internet poker genie is out of the bottle; you cannot put it
back. The United Kingdom successfully regulates Internet gambling and with
this bill we can too."
Last October, Congress approved and the President signed the Safe Ports
Act, legislation that included the Unlawful Internet Gambling Enforcement
Act. As a result of the plan, banks and credit card companies are required
to monitor all financial transactions of its customers and block payments
to online gambling sites. In addition, Internet Service Providers (ISPs)
are forced to deny access to gaming sites all together. While outlawing
Internet poker, the legislation exempts other forms of online gambling such
as horse racing, fantasy sports, and state lotteries.
Michael Bolcerek, President of the PPA adds, "As opposed to driving the
entertainment activities of millions of Americans underground, which the
ban unintentionally does, Chairman Frank's legislation will add greater
visibility to this area and better address social and financial concerns."
The Poker Players Alliance http://www.pokerplayersalliance.org is a
non-profit organization advocating on behalf of American poker players.
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