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Originally Posted by docicu3
Doesn't the story say they are "exempting" horse racing from this Bob? It certainly would be nice if someone would just tell Mr Bush to please skip the lame duck favors on the way out the door. It's time to wrap this one up as he......"has done more than enough". Maybe being put out isn't such a bad idea here.
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It does say that, but in the next paragragh says that nothing is guaranteed:
The law as drafted by Congress includes some exemptionsfor horse race betting, interstate online lotteries and betting on fantasy sports.
But draft rules published by the Treasury in October 2007 don't define what would be considered an illegal transaction, and there has been much confusion as to what types of online gambling would be rendered illegal.
Banks have warned they may block all online gambling transactions rather than try to determine which ones are illegal. An official from the Federal Reserve testified before Congress in April that the draft regulations created considerable uncertainty.
Do I think this will affect horse racing..probably not. But it's just a measure of how fine a line there is now and there are many cooks in the kitchen.
11-11-2008, 03:21 PM
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