CNBC Investigates: The Big Business of Illegal Gambling

[NebunLaCap]

The Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006 at the urging of then-Senate Majority Leader Bill Frist (R-TN). In 2009, the Third Circuit Court of Appeals ruled that the UIGEA did not make any online activity illegal. Instead, the legality of internet gambling may ultimately depend on state law. The Wire Act, passed in 1961, has traditionally applied to online wagers on sports and has not been formally updated to encompass internet wagering.

[204union]

i look forward to watching the show this wednesday night on CNBC- there are good points on both sides of the fence on legalizing some forms of gambling

[therealvegasrunner]

I can't wait to see the documentary next week...They really did an excellent job of trying to understand exactly how the market works and how profits are made...I love the fact that they made sure everything was legit and they really did their homework to support any facts they presented...So it should be really good..

I actually spent 2 days with them but only 1 taping..They followed me into some books and did an interview...It was a lot of fun...Best of Luck, VR

[azodio]

ella ace.......cant wait to see it

[parlay110]

was that vr???????????

[azodio]

it sure was.......ellinas?

[tonydominoactor]

Starring Tony Domino

[jttalent]

Hooray Tony! Good for you, man; keep it up! I don't watch TV but Congrats!

JT (referee/cop/bouncer in "Animal Witness: The Michael Vick Case")

[voyeurdug]

Legalize it all & get the taxes.