$100 Billion Fine For Web Gambling Ban | IXGAMES
The World Trade Organization is seeking $100 Billion in compensation from the United States from their ban on internet gambling. The view of the WTO is that the US has reneged on commitments to the organization. The disputed concessions arise from Antigua’s victory earlier this year when the WTO ruled that the US violated its treaty obligations by excluding online Antiguan gaming operators, while allowing domestic operators to offer various forms of online gaming. Instead of complying with the ruling, the Bush administration withdrew the sizeable gambling industry from its free trade commitments. As a result, all 151 WTO members are considering seeking compensation for the withdrawal equal to the size of the entire US land-based gambling and online gambling market, estimated at nearly US$100 billion.