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... Internet gambling represents one of the fastest growing segments of online activity with more than seven hundred web sites now providing users the opportunity to wager everything from casino games to sporting events. ... Online gambling should be made completely illegal or should be controlled in some manner.
There are many different issues dealing with the legalization of online gambling. The current law dealing with online gambling is the Wire Transfer Act of 1961. ... Last November, the Senate proposed the Internet Gambling Prohibition Act. ... In May, the Unlawful Internet Gambling Funding Prohibition Act was introduced. This statute would criminalize and prohibit any person engaged in a gambling business from knowingly accepting from another person who is involved in internet gambling a credit card or extension of credits, an electronic transfer of funds, or any instrument payable through a financial institution. This would shield certain financial institutions from liability as long as they do not know that their facilities are being used for online gambling.
Approximate Word count = 794 Approximate Pages = 3.2 (250 words per page double spaced)
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