Thursday, November 16, 2006

The Becker-Posner Blog

The enforcement of anti-offshore gambling laws relies on credit cards. These laws can be circumvanted by alternative ways of paying for online bets like digital currency or European credit cards issued to U.S. consumers.
U.S. should lobby for a 48 hour wait time for credit card company charges for overseas gambling bets. This way, barriers to gambling overseas will lead to gambling within the U.S. (where American rules and regulations can be enforced).

On a different note, fake overseas gambling bets can be used for terrorist financing. Therefore, we need laws that curb such collusive behavior between 'American' customers and their overseas 'relatives'.

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