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It also authorizes the Federal Reserve System to create regulations that prohibit monetary transaction suppliers (banks, credit card corporations, and many others.) from accepting these payments. See 31 U.S.C. § 5363(4). This Act, together with threats of prosecution below the Wire Act from the Division of Justice, has induced several Web gambling companies to withdraw from the U.S. In response, Home Representatives launched multiple bills in 2007 to soften federal Web playing regulation. If handed, the Web Gambling Regulation and Enforcement Act and the Internet Playing Regulation and Tax Enforcement Act would license, regulate, and tax Internet gambling companies quite than prohibit them from taking bets from the United States. Alternatively, the Skill Sport Protection Act would make clear the Wire Act to exempt certain games resembling poker and chess.


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