Author: Ray Paulick / Source: Horse Racing News | Paulick Report
Legal online wagering on horse racing will not be directly affected by a new U.S. government Department of Justice opinion on the Wire Act but could have an indirect impact on the willingness of banks and credit card companies to allow horseplayers to fund their advance deposit wagering accounts.
The opinion from the Justice Department’s Office of Legal Counsel, first reported by OnlinePokerReport.com, reversed a 2011 position taken during the Obama administration stating the Wire Act – a 1961 law prohibiting transmission of betting or betting information across state lines – only applied to sports betting. The reversal by the Trump administration may create an atmosphere of uncertainty among businesses operating online casinos, interstate lotteries and daily fantasy sports contests, along with banks and credit card companies.
The Interstate Horseracing Act of 1978, amended in 2000 to include telephone and other electronic forms of wagering in states where that type of betting is legal,…
The post Waldrop: Online Betting On Horse Racing Still Legal Despite Justice Department Reversal On Wire Act appeared first on FeedBox.