Gaming legislation is about to hit the floor

April 29, 2009 by Dan Brown in Online Poker

One of the hottest topics of debate in the wonderful world of online gaming has been the reversal so the law that went through the back door during the Bush administration. It was passed via a security act in a very sneaky measure that was quickly picked up by the online gaming world.

As you may recall, this was the law that had the online gaming community running for cover and eventually some very popular rooms, such as Poker, banned US players and had online poker players in panic about their funds. The situation only got worse as eWallets like Neteller also pulled out. The next thing you know online poker site owners are getting yanked out of airports and charged with money laundering! People were literally worried about Big Brother knocking down their door and getting busted just as they clicked on the all in button.

While this bill was initially supposed to be introduced in March, it was pushed back until the Week of May 4. While it is unlikely that the actual version of the bill that Barney Frank (D-MA) is going to introduce will be passed, there is a ton of money being thrown around to ensure that it goes through in some form. This is nothing new as bills are often amended as the process gets completed.

The PPA is on record that they are going to do everything that they can to get his passed into law. Rumor had it that over $4 million was bookmarked for exactly this cause. The lobbyists will be busy next week and here is hoping that they are successful.

The boom in online poker is unbelievable and we can only imagine what it can do to our economy if the bill passes. You would have to think that amount of jobs and revenue that would be generated in US regulated sites would be an incredible boost to an economy that has yet to turn around.

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