Re: Oregon has that law
The only state that has passed legislation regarding financing is Oregon. Oregon’s i-gaming statute deals with how money is transferred between parties. Anyone engaged in Internet gambling may not knowingly accept a credit payment from another engaged in “unlawful gambling using the Internet.” The statute includes not merely credit payments via a credit card, but also electronic funds transfer or a check or other financial transaction that involves an institution as a payer on behalf of that person. However, the statute does not define what “unlawful gambling using the Internet” is in reference to. Because no other state law regulates i-gaming, the construction of Oregon’s statute could mean that this statute is saying gambling using the Internet is unlawful. Another possible statutory reading is that only if the Internet gambling is unlawful based on some other statute, such as Federal law, does Oregon’s statute take effect.
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