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Representative Ron Paul has been a longtime supporter of a regulated online gambling industry in the US. This weekend, Paul made himself the betting favorite to become the next candidate for President within the Republican party.
A Conservative Political Action Conference straw poll shows that Paul is the preferred candidate, and the results were not close. in one of the more lopsided results ever, Paul received thirty-one percent of the votes.
“Congressman Paul is committed to bringing the conservative movement back to its traditional platform of limited government, balanced budgets. and a foreign policy of nonintervention,” said Jesse Benton, Spokesman for Paul.
The conservative Congress member spoke of how debt is growing and how he does not support all of the government spending that has been taking place. Paul’s stance on Internet gambling and some other key issues make him an attractive candidate to liberals as well as his conservative base.
Representative Barney Frank has introduced legislation that would overturn the Unlawful Internet Gambling Enforcement Act of 2006, and Paul has been one of the Republicans that has crossed party lines to support Frank’s Bill.
There has been a strong movement towards online gambling regulation not only from members of Congress, but also financial institutions and the public. Financial institutions have been saddled with the burden of stopping online gambling transactions, and they claim that this is too heavy a load at a time when the financial markets have crumbled in the US.
Representatives Frank and Paul are concerned with the amount of revenue that is currently going to company’s outside the US. Millions of people in the US are currently gambling online and have no protection from the government to ensure that their money is protected against corruption.