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The Internet's betting-ban amendment was removed
before the anti-money laundering bill was
passed. Speakers at the Global Interactive
Gaming Conference in Montreal (May 1012, 2000)
seemed confident that a ban on Internet gambling
would be ignored and that the industry would
continue to grow. But some speakers noted that
the ban would hurt the industry. They pointed
out that currently over half of the on-line
gaming revenue around the world comes from the
United States. Meanwhile, the Nevada state
government has taken steps that may lead to
legalizing and licensing Internet gambling in
Nevada. (More information about the Internet
gambling industry can be obtained at igamingnews.)
According to speakers at the same conference
(igamingnews), future casino banking might be
conducted by debit cards, e-cash, special
Internet gaming cards or prepaid telephone
cards. Security may utilize
fingerprint-recognition technology, and mobile
phones may become the most common way to place
Internet bets.
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