Marketplace ran a radio news story on the Internet Gambling Regulation and Enforcement Act:
JOHN DIMSDALE: Opponents of the ban on Internet gambling say its none of the government’s business what Americans do with their own money in their own homes. Massachusetts Democrat Barney Frank is the sponsor of the Internet Gambling Regulation and Enforcement Act.
BARNEY FRANK: I spend a lot of time here as a member of Congress trying to protect people from other people who would treat them unfairly. I have no energy left to protect people from themselves. Adults have got to do that without me.
Frank says the Internet gambling ban is hypocritical because Americans are allowed to bet on horses or play state lotteries online. The World Trade Organization agrees it’s a double standard and is threatening trade sanctions.
But supporters of the ban, which passed the House last year 317-93, say keeping young people away from online gambling sites trumps free trade.
The story concludes by noting that only six members of Congress showed for the hearing.
1. Yes, it’s hypocrical.
2. BetFair is not accessible to under-age people.
http://www.betfair.com/
BetFair is ethical and responsible, whereas InTrade-TradeSports is not.
http://www.midasoracle.org/2007/06/09/betfair-is-ethical-and-responsible-whereas-intrade-tradesports-is-not/