US Federal Government to support Sheldon Adelson's interests
May 15, 2014
The US Federal Government seems to want another black gambling market in the country instead of following the course of the river. Many states in the US had started already to regulate the online gambling market. This has been a failed attempt for the states to try to avoid the reinstatement of the Wire Act ban. The Congress of the Unites States has come to terms and wants to oblige the states with a possible legislation for the gambling market, a regulation that would ban the online market as formally requested by one of the main figures in the United States, Sheldon Adelson.
The Casino's mogul has gotten involved in a few adventures last year when he tried to build up the European city of the games in Madrid (Spain), Euro Vegas, or when he fought against Obama's party to keep him away from the presidential campaigns. The Online gambling market seems to step back again as some Congress' members want to force a federal Internet gambling ban, even on those states that have already regulated the online market like Delaware, Nevada and New Jersey.
The loss on tax revenue, the emergence of the illegal black markets and cutting citizens rights are the three main themes for this song; the Reinstatement of the Wire Act that has been sponsored by some congressional representatives and senators wants to bring back a federal law from 1961. While the country was under this ridiculous regulation, the Department of Justice in 2011 seemed to have its feet on this planet when ruled that 1961's legislation was only applicable on the sports betting market.
In addition, of course, there have been many supporters who want to ban the online gambling market. Some of their concerns are the repercussions on our society of online gambling markets like money laundering, children gambling and addiction. Supporting this ban against the online gambling market is Sheldon Adelson who, ironically, still has to explain many Americans why Internet games would bring children gambling but his Casinos all over the world allow children in. As per the money laundering, Americans are still shocked from all of the accusations on Sheldon Adelson about his business practices abroad and bribery being the company's main modus operandi. Jason Chaffetz said to CNN, a member of the 10th Amendment Task Force said once: "Each state has unique demographics, resources and health challenges; federalism works because it allows state and local governments to tailor their policy solutions to the needs of their population".