Legislation introduced in the U.S. House of Representatives prohibits the use of credit for Internet gambling but contains provisions to protect interstate pari-mutuel wagering.
A procedural move has stalled a legislator's efforts to restrict Internet gambling by cutting off its funding sources, but his campaign isn't over, according to reports.
The Congressional Horse Caucus, now more than 60 members strong, said it supports efforts to stop illegal Internet gambling but said any proposed legislation must be clarified to protect legal pari-mutuel account wagering and simulcasting.
The pari-mutuel industry, which has hired legal specialists to deal with the ramifications of a recent World Trade Organization ruling, must now deal with the reincarnation of legislation to effectively ban Internet gambling by making financial transactions illegal.
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