The Internet Gambling Regulation

The Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267), introduced by Chairman Barney Frank (D-MA) in May 2009, would establish a framework to permit licensed gambling operators to accept wagers from individuals in the U.S. The legislation, which has attracted broad support, would require an array of consumer protections. Each state would also be able to determine whether to allow Internet gambling activity for people accessing the Internet within the state and if so to apply other restrictions on the activity.

To allow land-based casinos and others to enter the U.S. market smoothly once the marketplace is regulated, SecureTrading Inc. is poised to provide a complete suite of services that ensure safe financial transactions and required consumer protections. The company will enable licensed gambling operators quickly and efficiently to be in full compliance with Internet gambling regulations. Offerings include providing player registration, verification and validation to ensure that the player is in a location where online gambling is legal and meets the conditions of that jurisdiction. The company also provides financial payments processing; tax computation, collection, payment and reporting; and responsible gambling tools that will allow players to self-exclude from future online gambling activity or elect online to seek help for problem gambling.

For more information, contact: Todd Garcia US Head of Sales