SB 1159: Prohibiting Credit Card Use for Online Gaming
Overview Resources
- U.S. Standard
- 1990s – Online gambling = end run around supervision
- 2006 – Federal Wire Act (2006)
- 2007 federal House or Rep – softened Wire Act
- State Standard
- 2018 – states began began regulating & enforcing sports betting
- PA Gaming Control Board – protection of the public’s interest
- Federal & state laws – overlap/conflict
Big Concept Resources
- Gambling as recreation with risk
- Credit cards as financed gambling (scroll to p 18 “Overview…associated risks)
Pros
- Govt regulates what it permits
- Credit card gambling is a loaded premise
- Internet gambling circumvents localized regulations
- Online gambling anonymity invites fraud
- Gambling risks multi-area decline
Cons
- Gambling data are considered personal expenses
- Gambling transactions are not part of credit histories
- E-Payment solutions are available
- A PA gambling credit ban may trigger broad credit cancellation