10 banks today decided that they should dictate to their customers how and where they should spend their money. Cowering to pressure from big brother, these banks decided on their own to prohibit their customers from gambling offshore. Comments from one bank executive sum up the decision, "well after this a-hole from New York extorted a quarter million from Paypal we were really left no choice. We made a ton of cash from online gaming and agreed to pay the state a little money so they wouldn't throw us in jail. Thank goodness that it's still ok for us to let our customers buy lottery tickets and bet on horses."
The state of New York allows its OTB operations to take bets from other states over phone lines, but for some reason that's not breaking the law. New York has no plans to force banks and credit card providers to attach the gaming code to New York's OTB operations.
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Source: Internet
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