Betting Systems

Rep. Barney Frank related the Reuters Global Financial Regulation Summit on Tuesday that he would initiate rules planned to revoce the UIGEA next week.

“We’ll be announcing it next week and I plan to step on it,” Frank said according to a Reuters report on the story.

Frank, a Democrat from Massachusetts and chairman of the powerful House Financial ServicesCommittee, has long been a hero of the online gambling industry.

Last year, Frank announced two measures planned to overthrow the UIGEA. One bill flopped to make out of committee. The other was approved by the committee (HFS), but never voted on by the full House of Representatives.

Eventially, betting blackjack,betting poker and betting roulette online will be legal.

Opponents to Frank’s attempts to overthrow the UIGEA is predictable to be hard. The National
Football League (NFL) has employed a full-time lobbyist, in part, to help contest the bid to overthrow the UIGEA. And social conservatives, like Sen. Jon Kyl and Rep. Spencer Bachus, have
suggested they would forcefully fight any effort to moderate or overthrow the UIGEA.

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