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It additionally authorizes the Federal Reserve System to create regulations that prohibit financial transaction suppliers (banks, bank card companies, and so on.) from accepting these funds. See 31 U.S.C. § 5363(4). This Act, along with threats of prosecution below the Wire Act from the Department of Justice, has brought about several Internet gambling businesses to withdraw from the U.S. In response, Home Representatives launched a number of payments in 2007 to soften federal Web playing law. If handed, the Internet Gambling Regulation and Enforcement Act and the Internet Gambling Regulation and Tax Enforcement Act would license, regulate, and tax Web gambling companies rather than prohibit them from taking bets from the United States. Alternatively, the Talent Sport Safety Act would clarify the Wire Act to exempt certain video games resembling poker and chess.


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