Experts Testify In Favor Of Online Gambling Regulation Bill

Gambling News - December 5th, 2009 - Written by Glen

The Unlawful Internet Gambling Enforcement Act, as well as its counterpart, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act has passed under the scrutinizing eyes of the House Financial Services Committee. On Thursday, the Committee had heard the testimonies of several experts in the field of online security as well as that of consumer safety.

Evidence had been provided by the experts in order to further the agenda of the H.R. 2267, the regulatory Bill. The main focus of the testimonies was to ensure that compulsive gamblers would avoid being exploited, consumers being protected from fraud, identify theft, and money laundering practices, as well as keeping minors off of the games.

The executive director of WiredSafety, Parry Aftab, testified that a regulatory body would be the best possible environment for the security of consumers. In her testimony Aftab claimed that, "There are a number of technologies routinely used in other industries that were easily adaptable to online gambling sites."

WiredSecurity is one of the largest and most reputable Internet safety groups in the world.

Testimonies were also given over protecting compulsive gamblers. Information is provided through every one of the online casinos, including direct links to the Gambler's Anonymous website. An executive from the National Council on Problem Gambling, Keith Whyte, stated that there are methods over the Internet that can help prevent compulsive gambling more than the land based industry can handle.

Online Gambling is already generating billions of dollars a year, all of which is being shipped over seas. Taxation and regulation could generate up to $42 billion dollars over the first ten years, bringing much needed revenue back into the United States.