Rep. Peter King, R-N.Y., introduced the Internet Gambling...
Rep. Peter King, R-N.Y., introduced the Internet Gambling Regulation, Consumer Protection and Enforcement Act, which would establish a federal system for states that choose to have legal online gambling programs. The bill would create an Office of Internet Gambling Oversight…
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within the Treasury Department, which would oversee states and tribal entities that choose to issue online gambling licenses to operators on the federal government’s behalf, according to a release from King’s office Thursday. The bill has measures designed to protect consumers from compulsive gambling and fraud, including “tough penalties” for unlicensed operators, his office said. A federal standard, such as the one proposed in the bill, “will ensure strong protections for consumers, protect against problem and underage gambling, and make it easier for businesses, players, lawmakers, and regulators to navigate and freely participate,” King said in a statement.