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Originally Posted by Laywrite
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By TAMARA AUDI and AMY SCHATZ
Prosecutors' seizure of $34 million belonging to online poker players ups the ante in a long-running struggle between the Justice Department, which wants to shut down the online-gambling industry, and members of Congress who want to make it legal.
The government has used several laws to prosecute online gambling. Critics claim those laws are unclear and are sometimes contradicted by a patchwork of state laws.
Last month, Rep. Barney Frank (D., Mass.), chairman of the House Financial Services Committee, proposed legislation to legalize and regulate Internet gambling so revenues could be taxed and consumers would have some protections.
The Poker Players Alliance, a lobbying group, said there are 10 million Americans who play online poker for money, spending about $6 billion a year. The group attacked the recent seizure, carried out by the U.S. attorney in the Southern District of New York, saying funds belonging to 27,000 online poker players were frozen. The U.S. attorney's office declined to comment.
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The U.S.'s resistance to legalizing online gambling is part of a nascent trade dispute with the Europe. On Wednesday, the European Union released a report that says U.S. Internet gambling laws violate international trade rules. European companies can't offer gambling services to Americans under the rules, but U.S. companies can offer some online gambling services, such as horse betting, to Europeans.
The EU said Wednesday it would hold off on filing a formal complaint in hopes of negotiating some sort of solution with the Obama administration.
"Internet gambling is a complex and delicate area, and we do not want to dictate how the U.S. should regulate its market," said EU Trade Commissioner Catherine Ashton. "I hope that we will be able to reach an amicable solution to this issue."
Write to Tamara Audi at
tammy.audi@wsj.com and Amy Schatz at
Amy.Schatz@wsj.com
Last edited by Mike Haven; 06-15-2009 at 06:58 AM.
Reason: Removed bulk of the copyrighted article