October 04, 2006

4-Oct-06. Demon gambling. National Post, FP1.

This lengthy article by Reuven Brenner and Ira Terk references the U.S. Senate bill that passed yesterday making it illegal for banks and credit card companies to make payments to online gambling sites. The article provides numerous historical examples of opposition to gambling from many groups who are said to have self-serving interests. History has shown that the restriction of gambling activities inevitably fails. Regulation of a particular gambling industry generally occurs after the significant costs and long-term consequences of prohibition become evident.