Posted: Wed Mar 28, 2007 8:12 pm Post subject: Stanford Group Gives Repeal a 10% Shot
"A Stanford Bank Regulator Report has advised that a curb on Internet gambling is likely to continue and attempts at repealing this new law will probably not succeed."
The report goes on to say: "We do not believe there is the political will to overturn this legislation or to carve out poker from the prohibition. More likely would be legislation authorizing the National Institute of Science or a similar nonpartisan think tank to study whether Internet gambling could be effectively regulated and taxed. We also expect the Federal Reserve to release shortly the rules governing how banks should stem the flow of financing the Internet gambling websites."
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