RECENT NEWS

On October 13, 2006 President Bush signed legislation that effectively makes online gambling illegal. The new law prohibits people from using credit cards and other electronic transfer mechanisms to place bets using their computer.

The law makes it a federal offense for companies to accept or handle money obtained from Internet betting in the US. There are still some things unclear about the Bill and the Government has nine months in which to issue regulations state that financial institutions must block gambling related transactions.