It looks like the recent Congress proposals for internet gambling legislation are already having an effect throughout the private sector, even before they've been debated. Apparently last week Visa implemented a policy to proactively block some internet gambling transactions from going through, including many legal transactions.
Account-wagering providers such as AmericaTab, TV Games Network, XpressBet, and Youbet.com are licensed state-regulated entities. The offshore operations are not. The Los Angeles Daily News, which first reported the situation in its May 24 edition, cited industry experts who said Visa and the banking industry are targeting Internet gambling because it is a "suspected source of cash flow for terrorist groups."
After the fiasco with the terrorist anti-drug ads, I'm surprised to hear the terrorist card being played here. Nevertheless, it's a sign that the big financial organizations are starting to take measures of their own regardless of whether the legislation goes through this session.
Prediction: international Paypal-like businesses will start to see their turnover go through the roof as online gamblers scurry to find safe intermediaries for opening accounts.
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Welcome to the all new Bloglines, the best resource for local blogs, news, and events.
Bloglines Reader
Bloglines is the fastest way to find and track your favorite websites and blogs in real-time.
Easily customize your dashboard with multiple view options, drag and drop organization, and
exclusive widgets. Get the latest news on all your interests and trending topics exactly the
way you want it, with the new Bloglines Reader!
Bloglines isn't going anywhere! We're happy to announce that MerchantCircle is going to keep Bloglines up and running. As part of the transition, we ask our users to migrate their existing accounts to the new system.
The city that never sleeps has plenty to talk about! From Times Square to Broadway shows and every fashion designer in between, you can get into an Empire State of Mind with the best of The Big Apple blogs: The Lo-Down, Gothamist, and Time Out New York.
Celebrities and surfers aren't the only hot topics in Southern California's iconic city of Los Angeles. In tabloid town people are always talkin'! Get informed with top LA blogs L.A. Unleashed, 24 Frames, and Chatter.
The Windy City isn't just home to Wrigleyville, and a mile of miraculous shopping. In between bites of world famous deep-dish you can now digest the details of all that's happening in Chi-Town with these top Chicago blogs: Globetrotting, Cityscapes, Change of Subject
It's more than just home to baseball's World Champion San Francisco Giants, this friendly city is packed with artists, events, foodies, eclectics neighborhoods and some killer blogs! Get the insider scoop from top blogs SF Gate, SFList, and EaterSF!
From the Space Needle to the music scene to the world famous Pike Place Fish Market, Seattle's got it goin' on. Keep up with top blogs like Seattle Daily Photo, Seattle Subsonic, Seattlest.
