This week Michelle Minton of the Competitive Enterprise Institute published an article in which she rebutted the various myths surrounding online gambling in the United States.
Minton's piece spells out an assortment of myths and notes the following claims in support of online gambling regulation:
That the FBI has never said that online gambling increases crime
Depositing or withdrawing large amounts of money requires compliance with the Bank Secrecy Act
That criminals cannot transfer money on regulated betting sites
Federal and state laws require online gamblers in the USA to be physically located in a state where the activity is legal
That online gambling does not fund terrorists
Regulated online gambling will reduce crime
Furthermore, Minton goes on to state that a federal ban on internet gambling would be unconstitutional, writing: "Regulation of Internet gambling is not a matter covered by any of the enumerated powers granted to Congress by the Constitution, and, as such, falls under the 10th Amendment jurisdiction of the states."
Those interested in reading the full article can do so here.