Wire Transfers

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Bill Targets Ways to 'Fund' Internet Gambling

Legislation that would prohibit use of credit or money transfers for Internet gambling has been introduced in the House of Representatives and referred to the Committee on Financial Services. At the very least, the measure could impact pari-mutuel operations that employ Internet wagering platforms. HR 556, titled the "Unlawful Internet Gambling Funding Prohibition Act," was sponsored by Republican Rep. James Leach of Iowa and filed Feb. 12. Leach introduced similar legislation last year, but it failed to gain support.

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