According to TheHill.com, Rep. Joe Barton (R-Texas) is expected to introduce legislation as soon as next week that would legalize online poker and create a new federal regulatory body to oversee the sites.
The bill would legalize only online poker, other forms of Internet gambling and betting would remain illegal.
“Under the legislation, online poker sites would have to be registered in a state where gambling is already allowed, such as Nevada or New Jersey.”
“Sites would be required to register with the gaming commissions in those states, which would be in charge of ensuring they don’t cheat consumers. The bill would also create a new regulatory body to oversee the game at a federal level.”
“Users in all 50 states would be allowed to play on the sites for real money, but states would be given the option to opt out of the law and ban online poker if they so choose.”
As we have said on many occasions we believe it to be just a matter of time that the US joins the rest of the world and legalizes online poker.
The US is not in compliance with the World Trade Organization on this matter and of course is losing a lot of revenue it could be deriving from online poker at a time Federal and State governments are desperately seeking other sources of income.