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It’s unlikely we’ll learn more about Barack Obama’s position about online gaming during the presidential debates or stump speeches down the home stretch of the campaign. As unemployment climbs, the economy slows, and banks collapse, there are admittedly bigger fish to fry. But if the candidate’s online gambling position is paramount to you as a voter, consider that you have a special lens with which to view Obama’s stance; he is, after all, a poker player.

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The country is facing a financial meltdown which relates in part to over-leveraging and what for some has become bet making on financial instruments and schemes involving sophisticated economic modeling.

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It’s approaching two years since the Unlawful Internet Gambling Enforcement Act (UIGEA) was signed into law by President George Bush, and it’s still not clear how much the law will cost the banking industry, nor if it will do its intended job and end online wagering in the United States.

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It seems like it has been a while since any good news has come out of either Wall Street or Washington when it comes to finances.

Everybody is out of money, and lawmakers are scratching their heads wondering how to get more and solve the problems that we have.

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A Bill was supposed to be voted on this week in the House of Representatives that, if approved, would have forced the government to make a list of what is, or is not, legal as far as online gambling goes.

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[S. 3616 Official Information | S.3616 Bill Text | PPA Talking Points | News: Recent]

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The effort to roll back an Internet gambling ban has reached the Senate, with a bill by Sen. Robert Menendez that calls for licensing and regulating online poker and other “games of skill” instead of outlawing them.

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