Reid-Kyl Still Working On Internet Poker, But Legislation May Have Downside

Rumors have begun spreading that Senators Harry Reid and John Kyl are still working on legislation that would legalize and regulate online poker, however the rumors also suggest that any deal may have a drastic downside.

Sources that claim to have been involved in the effort claim that a federal ban on internet gambling as a whole may be the price required to pass through the online poker bill.

The Wall Street Journal reported on the rumors this week, and it is still unknown whether or not the bill will be launched in Congress this year.

It is unknown as to whether or not individual states would be in favor of this phantom bill, as many states have fought for their rights to make their own laws on gambling. Many states have also begun looking to internet gambling as a way to generate revenue after the Department of Justice changed its stance on the Wire Act late last year.