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This is regarding apps for the UK. AFAIK, it's still illegal for financial institutions in the US to process transactions coded as gambling.
by politician 14y ago
This is regarding apps for the UK. AFAIK, it's still illegal for financial institutions in the US to process transactions coded as gambling.
- millerski150 14y agoYes. But it's interesting because the US is considering legalizing it: "Restrictions on Internet gambling in the U.S. may also ease, as several states, including California, Nevada and New Jersey, are considering legislation to legalize the practice."
- politician 14y agoThat is especially interesting since the federal law preventing banks and such from honoring such transactions is... federal.
- millerski150 14y agoThe article says "Restrictions on Internet gambling in the U.S. may also ease." Both Bloomberg citing the "U.S." as a whole and these states bucking the anti-gambling trend (historically states have been pioneers for trends in federal legislation) might (I said "considering") mean the US (= federal) will some day let those transactions be ... honored.