Internet Gambling Ban Delayed Six Months

The Treasury Department and the Federal Reserve announced Friday that regulations designed to ban Internet gambling are being delayed by six months, giving US financial institutions additional time to comply. The two agencies said the new rules, which were to take effect on Dec. 1, would be delayed until June 1.But it remains in question whether the rules will ever go into force. In their joint notice, Treasury and the Federal Reserve said several lawmakers had sought a delay, arguing there was considerable support for new legislation to clarify the current laws.