U.S. CYBERGAMBLING BAN?

A U.S. House of Representatives subcommittee has approved a bill that would ban Internet gambling, estimated to be a $12 billion industry. The legislation would update and expand an existing federal law to cover all forms of interstate gambling within the US, and would bar a gambling business from accepting payment in the form of credit cards, checks, wire, and Internet transfers.
http://news.com.com/2100-1028_3-6068432.html

What impact will this have? Will it be effective?

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