"The only effective way to substantially curtail internet gambling in the U.S. would be to effectively prevent easy money transfers to and from U.S. financial institutions."

Oh. boy, here we go--now the feds will be getting our bank account records to see where we're spending our money. Who decides whether I can transfer money from my bank account and to whom--another job for "The Decider"? The truth is that banks are very concerned about any requirement that they be required to produce account records.

If you're really interested in this issue and want to take the time to study it, here is a sensible, comprehensive analysis of the proposed federal legislation:

http://www.cardplayer.com/poker_magazine/archives/showarticle.php?a_id=15416&m_id=65588

The sensible solution to this non-problem is to license, regulate and tax so that online operators can operate within the U.S. and not outside the country. But, I guess, that just makes too much sense for those who are devoted to telling the rest of us how to spend our time and money.