US Online Gambling Bill May Advance On Tuesday

A significant step to regulate and license the online gambling industry may take a crucial step on Tuesday. Barney Frank will take the HR 2267 bill to a mark-up process. This process involves the discussion and rewriting of the gambling legislation to regulate online gambling in the US.

The Financial Services Committee has already discussed the bill and listened to testimonies from leading experts that support the regulation of the online gambling industry. The main focus of the discussion was the safety and security of the online gambling industry as well as the burden on financial institutions that have been forced to abide by the rules set forth within the UIGEA. If everything pans out on Tuesday, the US could be one step closer to legal online gambling.