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New bill to limit UIGEA impact on horseracing introduced

28th June 2010 8:10 am GMT

Congressmen Scott Murphy (NY) and Brett Guthrie (KY) have introduced a bill to clarify the legality of online pari-mutuel betting on horseracing after credit card companies said that they will no longer process any gaming transactions, including those for pari-mutuel betting in the United States, due to UIGEA regulations which came into force this month.

The Wire Clarification Act seeks to clarify the scope of the Wire Act of 1961, which establishes criminal penalties for "any [...]

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