A few weeks back, in anticipation of college and NFL football, I tried to deposit money into my online account (which I've had for several years with no problems) with William Hill, a huge bookie operation based in the UK and was told it couldn't be authorized because of the heat that the feds are placing on the credit card companies. I know people who have accounts with other online bookies who have got the same answer.
All of a sudden I'm reading stories about the evils of online gambling in the Economist and the Toronto Star among other outlets. My question is this: why is this such a hot topic now? Online gambling has been around for a number of years now and I would think there's a lot more bet on poker online than sports.
Ben's point about the banking industry is one I've wondered about. Why would VISA or Mastercard etc. give a **** how their cards are used as long as they get their money back with exorbitant interest? Is there a movement down there to make online gaming legal in the US through places like Caesars etc.? Is that where all this heat is coming from?