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In Goldman Sachs latest note to investors, it has been predicted that the US will legalize and regulate the online gambling industry. It is another example of how a growing number of people believe the legalization of Internet gambling is inevitable.
Representative Barney Frank has introduced two pieces of legislation regarding online gambling. The first would be to postpone the rules from the Unlawful Internet Gambling Enforcement Act from going into effect in December.
The second is the more intriguing Bill for online casinos. The legislation calls for legalization and regulation of online gambling in the US. Frank has tried before to overturn the UIGEA, but his latest effort appears to have much more support, and people are taking notice.
"We believe it is logical to assume that the US market will eventually regulate," wrote Goldman Sachs in a note to investors today, "given the potential implications for US tax take, if nothing else."
