Online gambling under renewed scrutiny -- InformationWeek

Congress has begun to grapple with the thorny issue of online gambling and Congressman Barney Frank (D-Mass.) has indicated he'll push new legislation that will legalize some forms of online gambling while regulating the practices at the same time.

At Frank's House Financial Services Committee hearing Thursday, supporters and opponents of Internet gaming alternately advocated for and condemned online gambling, which is said to add up to $16 billion a year with most of that figure coming from U.S. bettors...