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I thought the "ban" on internet gambling using credit cards was a good thing. Using unsecured loans to pay for gambling, hurts consumers.

So, the federal government interfering with commerce is a good thing, even though clearly unconstitutional.

I thought the "ban" on internet gambling using credit cards was a good thing. Using unsecured loans to pay for gambling, hurts consumers.

Most financial institutions no longer process transactions with gambling sites anyway, because they were having a lot of fraud, chargebacks, and trouble getting paid. I have no problem with that - any business is free to do what it wants.

However, our nanny state is now going to require all financial institutions to not conduct transactions with these sites. I didn't know it was the role of our financial institutions or government to protect us from ourselves.

There is the "Paypal of Gambling" site called Neteller, which basically works the same as Paypal in that you fund it with your bank account and can transfer your money to/from other people or gambling sites. I have used this site for three years playing poker online (disclosure - I have won a small sum and have paid taxes on it). To deposit to a gambling site, you usually have to have the funds on hand to play. Therefore there is little credit risk to someone processing this transaction. If my bank chooses to no longer take EFTs to/from Neteller, that is their right, but I don't think the feds should dictate that to anyone.

As already mentioned, I am sure half of FR will be happy more of our rights are being taken away, because they are against online gambling. That is a shame.

I thought the "ban" on internet gambling using credit cards was a good thing. Using unsecured loans to pay for gambling, hurts consumers.

Have you ever heard of personal responsibility????????

It is none of your business, or that of the government, what I do with my money. If I am an idiot and wish to waste my paycheck on gambling what's it to you?

I thought the "ban" on internet gambling using credit cards was a good thing. Using unsecured loans to pay for gambling, hurts consumers.

Why is this a problem only in America? You can use your Visa or Mastercard if you live in Canada, Europe or Australia and it hasn't hurt their consumers. Are Americans genetically inferior to Europeans?

You can still use your American credit cards to gamble online. You just go through one of the many third parties that have been set up to broker payments from Americans.
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