Proponents of online poker rejoiced last month when, according to the Huffington Post, the Department of Justice said it was reversing its stance that the Wire Act of 1961 prevents online lottery sales and, by implication, other Internet gambling except sports betting.
Online poker, a multi-billion dollar industry, ran into a major hurdle in 2006, when the feds targeted banks that process payments to Internet poker sites. That caused many of the sites to shut down to U.S. players and the few that didn't often saw their owners end up in jail.
The DOJ ruling opens the door for online poker, which supporters argue is a game of skill, to forge a legal path in the U.S. Supporters say the country certainly would benefit from regulating and taxing the industry, while opponents argue that allowing people to gamble from their computers is a recipe for disaster and financial ruin.
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