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Strategies & Market Trends : LORD Ernie's picks. -- Ignore unavailable to you. Want to Upgrade?

To: Hylas who wrote (250)	2/12/2000 3:29:00 PM
From: LORD ERNIE	Read Replies (1) \| Respond to of 526

The only news I know is already old but recent is this artikel about gambling ( still two weeks old) but you can contact your member of congress Online Gambling US Legislation Update 02/01/00 WASHINGTON, DC USA (IGC & AnteUp) - Many of you have expressed concern over media reports concerning U.S. legislation aimed at making gambling over the internet illegal. Because there has been so much misinformation circulating around this topic, we wanted to set the record straight. The following is a short explanation of what is currently happening in the United States Congress. - Legislation is pending before the U.S. Congress (the "Internet Gambling Prohibition Act") that would make it illegal to operate a gambling business on the internet. This legislation has NOT yet passed, and is NOT currently federal law. - The bill, sponsored by Arizona Republican Senator Jon Kyl would NOT target those who bet online - it would only outlaw the business of online gambling. The bill, should it pass, would NOT give the federal government the authority to prosecute so-called "casual bettors" - that is, you. - As of February 1, 2000, the bill has passed out of the United States Senate and is still awaiting consideration by the House of Representatives. Before the bill could become law, it would have to be passed by the Judiciary Committee of the House of Representatives, passed by the full House, and signed into law by the President of the United States. Such action, if it ever happens, is months away. The internet gaming industry strongly believes in personal responsibility, individual freedom, and the right to privacy. We have retained several lobbying firms in Washington, DC, to work against this legislation. While our efforts against the legislation have met with some success, what happens at the end of the day is still up in the air. At the present, however, no federal law exists making it a crime to gamble on the internet. Even if the Internet Gambling Prohibition Act passes, however, customers will not be prosecuted for wagering online. For more information on this topic, or to tell your member of Congress to vote AGAINST this legislation, please visit the Internet Consumers Choice Coalition web page at profreedom.com or capweb.net.