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European Union Asks US To Eliminate Online Gambling Ban Again

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The European Union is giving the US every opportunity to correct the mistake that was the Unlawful Internet Gambling Enforcement Act. The law made online gambling illegal in the US, and has hurt foreign companies that were doing business with US customers.

The European Union believes that the US is violating trade agreements with other countries, and on Wednesday they asked the US to do something about their current laws. The EU now will wait for the US government to respond to their request.

The EU could take action against the US through the World Trade Organization, but they have said that they would like to give President Barack Obama's Administration the chance to negotiate a a settlement on the issue before they take the issue up with the WTO.

The latest plea from the EU comes a day after it was learned that the US had seized and frozen bank accounts that were paying out US customers from online poker websites. It is estimated that over $30 million in player winnings was frozen.

President Obama has made it widely known that his administration is attempting to heal the wounds that the former administration has left in relations with the rest of the world. This could be a starting point for those relations to be repaired should Obama concede to the EU's wishes on the Internet gambling issue.

Representative Barney Frank has already introduced several Bills that would end the UIGEA. The most important of the Bills would legalize and regulate online gambling. Even if the UIGEA was overturned, that would not necessarily fix the problem with the European Union.

When Internet gambling is legalized, there is a strong chance that US casino companies would receive the first shot at the online gaming licenses. This could further hurt the situation with regard to other countries and their right to operate in the US market.

Foreign customers estimate their losses to be upwards of $100 million after the UIGEA was signed into law. The EU could seek that money in compensation by bringing the issue in front of the WTO.

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